A 20-year maturity 73 coupon bond paying coupons


A 20-year maturity, 7.3% coupon bond paying coupons semiannually is callable in seven years at a call price of $1,185. The bond currently sells at a yield to maturity of 6.3% (3.15% per half-year). a. What is the yield to call?

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Financial Management: A 20-year maturity 73 coupon bond paying coupons
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