Question: A 7 - year callable bond has a coupon rate of 6 % ( paid semi - annually ) . The total term of the
A year callable bond has a coupon rate of paid semiannually The total term of the
bond is years but the bond is callable in years with a prepayment penalty of year's coupon
interest two semiannual payments The bond dealer tells you that the price on this bond is
Calculate your approximate Yield to Call YTC and your approximate YTM
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