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The following information of a callable bond which pays interest semi-annually is given: The coupon rate is 3.30% and the number of years to maturity
The following information of a callable bond which pays interest semi-annually is given: The coupon rate is 3.30% and the number of years to maturity is 14. The bond is callable at 110% of par value in 8 years. If the par value is $1,000 and the current price is $970, what is the yield to call?
no excel pls
a.4.80%
b.5.90%
c.3.74%
d.1.67%
e.2.06%
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