# Suppose that a 7% semi-annual coupon bond with a time to maturity of 8 years and a

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## Question:

Suppose that a 7% semi-annual coupon bond with a time to maturity of 8 years and a par value of $100 has a price of $106,4. This bond is first callable in 6 years at a redemption price of $104,8.

What is the yield to maturity for this bond?

What is the yield to first call for this bond?

**Related Book For**

## Fundamentals of Investments, Valuation and Management

ISBN: 978-1259720697

8th edition

Authors: Bradford Jordan, Thomas Miller, Steve Dolvin