If coupon rate of 9 and 1000 per value the bond has 5 years
If coupon rate of 9% and 1000 per value. The bond has 5 years to maturity but can be called after 3 years for $1000 plus $60. Current price of the bond is $1060.
What is the yield to call?
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if coupon rate of 9 and 1000 per value the bond has 5 years to maturity but can be called after 3 years for 1000 plus
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