1. What is Wells Fargo Business, Corporate, and International Strategies?
2. We have a 12%, 15 year bond, which sells for $900. If the firm has the right to call it back after 6 years at par plus half a year’s coupon. Compute the YTM and the YTC. Which will the investor attain?
3. We buy a 20year , 7% bond when rates are 10% and sell it when they are 6% in 6 years. What is the price we sell it at and buy it at?