Question: Consider a 20-year bond with a RM1,000 par value and 6% annual coupons callable starting from the 11th year at par. The bond was

Consider a 20-year bond with a RM1,000 par value and 6% annual

Consider a 20-year bond with a RM1,000 par value and 6% annual coupons callable starting from the 11th year at par. The bond was purchased at RM1,083. 1. Compare the yield that you can get if the bond is called in year 11, 12, ., 19, or 20. **** 2. Discuss your result.

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