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what is the nominal YTC on this seniannual, 9.5% coupon bond on april 1,2017 you be consider the purchase of an outstanding bond that was
what is the nominal YTC on this seniannual, 9.5% coupon bond
on april 1,2017 you be consider the purchase of an outstanding bond that was issued on april 1,2015. it has a 9.5% annual coupon, paid semiannually, and has a 30 year original maturity that is matures March 31 2045. there are 5 years of call protection through march 31 2020 at which time it can be called in at 110%. interest rates have deflined since it was issued, and it is now selling for 115.875% of its par value of $1,000.
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