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You own a bond with a coupon rate of 5.4 percent and a yield to call of 6.3 percent. The bond currently sells for $1,091.
You own a bond with a coupon rate of 5.4 percent and a yield to call of 6.3 percent. The bond currently sells for $1,091. If the bond is callable in five years, what is the call premium of the bond?
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International Finance Transactions Policy And Regulation
Authors: Hal S. Scott
15th Edition
159941547X, 978-1599415475
