Question
Suppose a corporate bond with a par value of $100, 8 years until maturity, and a 6.6% coupon. The bond is callable in 3 years
Suppose a corporate bond with a par value of $100, 8 years until maturity, and a 6.6% coupon. The bond is callable in 3 years at $101. The bond makes payments semi-annually and currently trades for a price of $97.12. Compute the more appropriate yield: either yield-to-maturity (YTM) or yield-to-call (YTC) s
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Public Finance In Canada
Authors: Harvey Rosen, Beverly George Dahlby, Roger Smith, Jean-Francois Wen, Tracy Snoddon
3rd Canadian Edition
0070951659, 978-0070951655
