Multiple Choice
Suppose you have a 10%,20 year bond traded at $1,120.If it is callable in 5 years at $1,150,what is the bond's approximate yield to call? Interest is paid quarterly.
A) 7.78%
B) 8.00%
C) 9.40%
D) 9.36%
E) 9.72%
Correct Answer:
Verified
Correct Answer:
Verified
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