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Business, 30.07.2020 02:01 keke6361

A company issues a callable (at par) five-year, 7% coupon bond with annual coupon payments. The bond can be called at par in one year after release or any time after that on a coupon payment date. On release, it has a price of $110 per $100 of face value. What is the yield to worst of this bond when it is released?

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A company issues a callable (at par) five-year, 7% coupon bond with annual coupon payments. The bond...
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