What is the yield to call on a bond

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1) A company has bonds with 14 years remaining to maturity. They have $1,000 par value. Coupon interest rate is 11.60%, paid annually. If their yield to maturity is 12.0%, what is the current market price of these bonds?

2) What is the yield to call (YTC) on a bond with maturity of 15 years, 7.0% semiannual coupon, par value of $1,000, and callable in 8 years at a call price of $1,070. The market price of the bond is $1,312.

Reference no: EM132807087

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