Question
Suppose another bond has the following characteristics. Par value $5,000 Bond Price $6,000 Annual coupon 4.50%, interest payable semi-annually Deferred call in 8 years, bonds
Suppose another bond has the following characteristics.
Par value $5,000
Bond Price $6,000
Annual coupon 4.50%, interest payable semi-annually
Deferred call in 8 years, bonds can be called back then at $5,225
Maturity 15 years
- Using Excel determine this bonds yield-to-maturity. Be sure to attach Excel spreadsheet & that Excel formulas are shown.
- Using Excel determine this bonds yield to first call. Be sure to attach Excel spreadsheet & that Excel formulas are shown.
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Introduction To Mathematical Finance Discrete Time Models
Authors: Stanley R. Pliska
1st Edition
1557869456, 9781557869456
