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QUESTION
Homework #4F (Bond Yield to Call. YTM and Price after original Issue)
Homework #4F (Bond Yield to Call. YTM and Price after original Issue)
Finance
Question 1 (1 point)
What is the yield to call of a 30-year to maturity bond that pays a coupon rate of 14.81 percent per year, has a $1,000 par value, and is currently priced at $915? The bond can be called back in 6 years at a call price $1,076. 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 Excel or financial calculator.
