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NYU issued a 20-year bond that pays a semi-annual coupon of $32.00, has a par value of 1,000, and a nominal annual yield-to-maturity of 7.639
NYU issued a 20-year bond that pays a semi-annual coupon of $32.00, has a par value of 1,000, and a nominal annual yield-to-maturity of 7.639 percent. This bond can be called in 5 years, and the nominal annual-yield to call is 10.15 percent. Determine the call premium for this bond.
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