The Yield to Call (YTC)is

question 36

Multiple Choice

The yield to call (YTC) is:

• A) the opportunity cost of forgone coupon payments.
• B) the yield that an investor would expect to make if he or she bought the bond at the current price, held it to call date.
• C) the yield that an investor would expect to make if he or she bought the bond at the current price, held it to maturity, received all the promised payments on their scheduled dates.
• D) All of the above.