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What is the yield to call of a 20-year to maturity bond that pays a coupon rate of 12.35 percent per year, has a
What is the yield to call of a 20-year to maturity bond that pays a coupon rate of 12.35 percent per year, has a $1,000 par value, and is currently priced at $943? The bond can be called back in 3 years at a call price $1,055. Assume annual coupon payments. Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)
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Investments An Introduction
Authors: Herbert B Mayo
9th Edition
324561385, 978-0324561388
