What is the yield to call of a 10-year to maturity bond that pays a coupon rate of 6.59 percent per year, has a $1,000 par value, and is currently priced at $1,115.14? The bond can be called back in 6 years at a call price $1,050.
What is the yield to call of a 10-year to maturity bond that pays
a coupon rate of 6.59 percent per year, has a $1,000 par value, and is currently priced at $1,115.14? The bond can be called back in 6 years at a call price $1,050. Assume annual coupon payments.
Round the answer to two decimal places in percentage form. (Write the percentage sign in the “units” box)
You should use approximate formula for YTC provided
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