Question
Targets bonds currently sell for $1,018. They pay an $85 semi-annual coupon, have a 30-year maturity, and a face value of $1,000, but they can
Targets bonds currently sell for $1,018. They pay an $85 semi-annual coupon, have a 30-year maturity, and a face value of $1,000, but they can be called in 18 years at $1,285. Their yield to maturity is closest to
A. 2.82%.
B. 4.14%.
C. 5.64%.
D. 8.29%.
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The Handbook Of Pairs Trading
Authors: Douglas S. Ehrman
1st Edition
0471727075, 9780471727071
