Why may the yield to call for a bond have more than one value?

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The Theory And Practice Of Investment Management

ISBN: 9780470929902

2nd Edition

Authors: Frank J Fabozzi, Harry M Markowitz

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Question Posted: Dec 19, 2023 01:35 AM

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When will the yield to maturity be higher than the yield to call for a bond with a standard call feature?
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Why may the yield to call for a bond have more than one value?

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The yield to call YTC for a bond may have more than one value due to the existence of multiple possible call dates and call prices The yield to call i...View the full answer

The Theory And Practice Of Investment Management

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