aaron2113
25.07.2020 •
Mathematics
Tosh. Inc.'s bonds currently sell for $980 and have a par value of $1,000. They pay a $95 annual coupon and have a 12-year maturity, but they can be called in 3 years at $1,150. What is their yield to call (YTC)?
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Ответ:
14.24%
Step-by-step explanation:
We have found that the yield to call (YTC) formula is:
YTC = [C + (F-P) / N] / [(F + P) / 2]
Where:
C = Periodic coupon amount = 95
P = Current Price = 980
F = Redemption amount = 1150
N = time left to redemption = 3
We replace:
YTC = [95 + (1150-980) / 3] / [(1150 + 980) / 2]
YTC = 0.1424
In other words, the yield to call (YTC) is equal to 14.24%
Ответ:
55.041
Step-by-step explanation: