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please answer quickly Let's say you buy a bond with a face value of $1,000 and a coupon rate of 4.5%, so the annual interest
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Let's say you buy a bond with a face value of $1,000 and a coupon rate of 4.5%, so the annual interest payments are $45. The bond matures in 30 years, but the issuer can call the bond for $1,045 in ten years if they choose. You buy the bond for $878.00, a discount to face value. What is the yield to call (i.e., YTC)? \begin{tabular}{l} \hline 5.56% \\ \hline 6.03% \\ 6.22% \\ \hline 5.73% \\ 6.53% \end{tabular} Step by Step Solution
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