Multiple Choice
A 6.5% coupon bond with 12 years left to maturity can be called in 4 years. The call premium is one year of coupon payments. It is offered for sale at $1,190.25. What is the yield to call of the bond? (Assume interest payments are paid semi-annually and par value is $1,000.)
A) 1.48%
B) 2.96%
C) 6.5%
D) 7.23%
Correct Answer:
Verified
Correct Answer:
Verified
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