Yield to Call a 7

question 84

Multiple Choice

Yield to Call A 7.25 percent coupon bond with 25 years left to maturity can be called in five years.The call premium is one year of coupon payments.It is offered for sale at $1,066.24.What is the yield to call of the bond? (Assume that interest payments are paid semi-annually and par value is $1,000.)

• A)3.41 percent
• B)3.45 percent
• C)3.51 percent
• D)6.90 percent

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