Question: please show steps without using excel. - A 5 percent coupon bond has 15 years left to maturity and has a price quote of 97
please show steps without using excel.
- A 5 percent coupon bond has 15 years left to maturity and has a price quote of 97 (quoted bond price is $970 ). - The bond can be called in five years and if called would generate a yield to call of 6 percent. - Compute the bond's current yield, yield to maturity and call price. (Assume interest payments are paid semi-annually and a par value of $1,000.)
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