Question
Suppose that a bond of the COL company that sells today for $956 has a 6% annual coupon paid semiannually and has 25 years to
Suppose that a bond of the COL company that sells today for $956 has a 6% annual coupon paid semiannually and has 25 years to maturity. The bond is callable in 5 years at $1,045. What is the yield to call on the bond?
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Finance And Financial Markets
Authors: Keith Pilbeam
4th Edition
1137515627, 978-1137515629
