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On May 15, 2010 the US treasury issued a bond maturing on November 15th, 2020. The bond had a coupon rate of 11.75%, payable semi-annually
On May 15, 2010 the US treasury issued a bond maturing on November 15th, 2020. The bond had a coupon rate of 11.75%, payable semi-annually on November 15th and May 15th. On January 23rd, 2020, the bond was selling at 135.62% of its face value (Face value of $1,000). The price does not include the accrued interest. The bond is callable at $1,020 starting from November 15th, 2015. Find the annualized yield-to-call (YTC).
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