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
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