A 675 coupon bond with 13 years left to maturity can be


A 6.75% coupon bond with 13 years left to maturity can be called in 2 years. The call premium is one year of coupon payments. It is offered for sale at $919.75. What is the yield to call of the bond? Assume interest payments are paid semiannually.

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Financial Econometrics: A 675 coupon bond with 13 years left to maturity can be
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