Business, 03.08.2021 22:50 cynthiauzoma367

A company issues a callable (at par) 20-year, 5% coupon bond with annual coupon payments. The bond can be called at par in one year after release or any time after that on a coupon payment date. On release, it has a price of $102 per $100 of face value. What is the yield to call of this bond when it is released

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A company issues a callable (at par) 20-year, 5% coupon bond with annual coupon payments. The bond c...

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