Question
You own a bond with the following features: face value of $1000, coupon rate of 6% (semiannual coupon), and 15 years to maturity. The bond
You own a bond with the following features: face value of $1000, coupon rate of 6% (semiannual coupon), and 15 years to maturity. The bond has a current price of $1104.65. The bond is callable after seven years with the call price of $1100. What is the yield to call if the bond is called at seven years (state as an APR)?
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Financial Services Sales Handbook A Professionals Guide To Becoming A Top Producer
Authors: Clifton T. Warren
1st Edition
1631574930, 978-1631574931
