The Yield to Call Is a More Conservative Yield Measure

question 90

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) Five percent over par.

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