A callable bond with $1000 par value, 9% coupon rate with annual coupon payment,and 15 -year maturity

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A callable bond with $1000 par value, 9% coupon rate with annual coupon payment,and 15 -year maturity has a yield to maturity of 10%.The bond is callable in 7 years. If the call price happens to be at $100 above today's fair price for the bond, the yield to call for this bond is ?

Posted Date: May 19, 2024 07:09 AM

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A callable bond with $1000 par value, 9% coupon rate with annual coupon payment,and 15 -year maturity

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