A 10-year, 8% semi-annual fixed coupon callable bond can be called after 5 years from issuance at a call price of 101. 2 years after its issuance, the price of the bond has dropped to 97 per 100 par. Calculate the yield-to-call at this point.
{br} STUCK with your assignment? {br} When is it due? {br} Get FREE assistance. Page Title: {title}{br} Page URL: {url}
A 10-year, 8% semi-annual fixed coupon callable bond can be called after 5 years from issuance at a call price of 101. 2 years after its issuance, the price of the bond has dropped to 97 per 100 par. Calculate the yield-to-call at this point.