Question: A bond that matures in 10 years is callable in
A bond that matures in 10 years is callable in three years at a call price of $1,025. The bond has a semi-annual coupon rate of 8 percent. If the YTM is 7.3 percent and the YTC is 6.92 percent, what is the bond’s current price? Is this bond likely to be called?
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