1 answer

Question 2 20 pts Bond Features Maturity (years) Face Value = $1,000 Coupon Rate = 2.00%...

Question:

Question 2 20 pts Bond Features Maturity (years) Face Value = $1,000 Coupon Rate = 2.00% Current Price = $990 Coupon dates (A

Question 2 20 pts Bond Features Maturity (years) Face Value = $1,000 Coupon Rate = 2.00% Current Price = $990 Coupon dates (Annual) Time to call (years) Price if Called $1,020 What is the bond's yield to call (YTC) (annual) if the bond is called at its first possible date? 2.18% 2.49% 3.03% 3.0096 2.35%

Answers

Yield to call is calculated using the RATE function:

=RATE(nper,pmt,pv,fv)

=RATE(3,2%*1000,-990,1020)

=3.00%

.

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