Calculating Yield to Call for a Bond
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Outstanding bond with 12 yrs to maturity, 9% coupon paid semiannually, 1,000 par value, bond has 7% nominal yield to maturity, but it can be called in 3 yrs at a price of 1,045. What is bond's nominal yield to call?
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The solution explains how to calculate yield to call for a bond using excel
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The yield to call is the discounting rate that will make the present value of interest and ...
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