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Two bonds have identical times to maturity and coupon rates. One is callable at 118, the other at 113. Which should have the higher yield
Two bonds have identical times to maturity and coupon rates. One is callable at 118, the other at 113. Which should have the higher yield to maturity? Why?
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Investment Management
Authors: Stephen Lofthouse
2nd Edition
047149237X, 9780471492375
