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Zarrin [17]
2 years ago
14

A company issues a 10-year, callable bond at par with 8% annual coupon payments. The bond can be called at par in one year after

issue or any time after that on a coupon payment date. The call price is $108 per $100 of face value. What is the yield to call if this bond is called in one year
Business
1 answer:
fgiga [73]2 years ago
3 0

Answer:

the yield to call is 9%

Explanation:

The computation of the yield to call is as follows:

Given that

NPER is 10 year

PMT = $100 × 8% = $8

FV = $108

PV = $100

The formula is shown below:

= RATE(NPER,PMT,PV,FV,TYPE)

after applying the above formula, the yield to call is 9%

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Answer and Explanation:

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