A 5.5 percent coupon municipal bond has 16 years left to maturity and has a price quote
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Question:
A 5.5 percent coupon municipal bond has 16 years left to maturity and has a price quote of $925.50. The bond can be called in nine years. The call premium is one year of coupon payments. Compute the bond's yield to maturity and yield to call. Assume interest payments are paid semi-annually..
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
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