The Yield to Call Is a More Conservative Yield Measure

question 67

Multiple Choice

The yield to call is a more conservative yield measure whenever the price of a callable bond is quoted at a value

• A) equal to or greater than par plus one year's interest.
• B) equal to par.
• C) equal to par less one year's interest.
• D) less than par.
• E) 5 percent over par.