Question: Saved Question 10 (10 points) A bond has a $1,000 par value, 17 years to maturity, and pays a coupon of 5.25% per year, semiannually.
Saved Question 10 (10 points) A bond has a $1,000 par value, 17 years to maturity, and pays a coupon of 5.25% per year, semiannually. The bond is callable in four years at $1,065. If the bond's current yield is 5.14% per year, what is its yield to call? 1) 6.32% 2) 6.56% 3) 6.21% 4) 6.46% 5) 6.10%
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