Li sut mua li (Yield-to-call - YTC) v Li sut thp nht (yield-to- worst-YTW) VD: Xt 1 tri phiu k hn 10 nm, li sut coupon 6% tr li bn nin, ang c giao dch mc gi 102 vo ngy 1/1/2014 (mnh gi = $1,000). Tri phiu ny c th thu hi theo lch trnh sau: - C th thu hi mc gi 102 vo hoc sau ngy 1/1/2019 (ngy thu hi ln 1). C th thu hi mc gi 100 vo hoc sau ngy 1/2/2022 (ngy thu hi ln 2 ngy thu hi mnh gi th nht). 1/1/2014 1/1/2019 S 1/1/2022 $1,020 1/1/2024 (maturity) PV = $1,020 $1,000 Call price Hy tnh YTM, li sut thu hi ln 1, li sut thu hi mnh gi ln 1, v loi sut thp nht (YTW) $1,000