Question: Coupon rate = 1 1 % Maturity = 1 8 years Par value = $ 1 , 0 0 0 First par call in 1
Coupon rate
Maturity years
Par value $
First par call in years
Only put date in five years and putable at par value
Suppose that the market price for this bond is $Suppose that the call schedule for this bond is as follows:
Can be called in eight years at $
Can be called in years at $
And suppose this bond can only be put in five years and assume that the
yield to first par call is What is the yield to worst for this bond?
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