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Use the following data to answer questions # 9 to # 1 3 . A seven - year, 8 % annual coupon bond is first
Use the following data to answer questions # to #
A sevenyear, annual coupon bond is first callable in four years and subsequently callable every year until maturity. The bond is callable first at on the coupon payment date in four years, at in five years, and at par value on coupon payment dates thereafter. It is trading today at
# The bond's vieldtofirstcall'is closest to:
A
B
C
D
# The bond's vieldtosecondcallis closest to:ABCD
# The bond's vieldtothirdcall is closest to:
A
B
C
D
The bond's yieldtomaturity is closest to:
A
B
C
D
# The bond's yieldtoworst is closest to:
A
B
CD
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