Question
You own a callable bond that has a 6 percent annual coupon, paid semi-annually and matures 7 years from now. The bond is callable at
You own a callable bond that has a 6 percent annual coupon, paid semi-annually and matures 7 years from now. The bond is callable at 1,075 in 3 years. The bond's current market price is $985. What is the bond's annual yield to call?
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Technical Analysis Of The Financial Markets
Authors: John J. Murphy
1st Edition
0735200661, 978-0735200661
