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NEW QUESTION: 1
What is the yield to first par call of a 20-year, 8.5% bond with a market price of $104.95, if the first par call date is in 15 years?
A. 7.93%
B. 8.50%
C. 8.20%
Answer: A
Explanation:
N=30, PV = -104.95, PMT = 4.25, FV = 100, I/Y =?= 3.965, YTM = 3.965(2) = 7.93%
NEW QUESTION: 2
-- Exhibit-
-- Exhibit --
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NEW QUESTION: 3
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