hard · Private Credit & Debt
A high-yield bond with a 9.0% coupon and 7 years to maturity is trading at 104 (clean price). The bond is callable in 2 years at 104.5.
What is the approximate 'Yield to Call' (YTC)?
- 8.1%
- 9.0%
- 7.5%
- 10.2%
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