Yield to Call A 6.75 percent coupon bond with 26 years left to maturity can be called in 6 years. The call premium is one year of coupon payments. It is offered for sale at $1,135.25. What yield to call of the bond? (Assume that interest payments are paid semi-annually.)
Yield to Call A 6.75 percent coupon bond with 26 years left to maturity can be called in 6 years. The call premium is one year of coupon payments. It is offered for sale at $1,135.25. What yield to call of the bond? (Assume that interest payments are paid semi-annually.)