Question
You bought a 21-year, 6.92% semi-annual coupon bond today and the current market rate of return is 5.11%. The bond is callable in 6 years
You bought a 21-year, 6.92% semi-annual coupon bond today and the current market rate of return is 5.11%. The bond is callable in 6 years with a $98 call premium. What price did you pay for your bond?
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The Ascendancy Of Finance
Authors: Joseph Vogl, Simon Garnett
1st Edition
1509509305, 978-1509509300
