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On January 1, 2013 and your broker calls you with a District of Columbia Revenue Bond

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Question;On January 1, 2013 and your broker calls you with a District of Columbia Revenue Bond with a6.875 % coupon issued on 1/1/2013, maturing in 20 years on 12/31/32 and callable on 12/31/22. Theface value is $1,000 and the bond is selling for $1,250. Interest is paid at the end of each calendaryear.I am trying to find the Yield to Maturity of 20 and 10 years

 

Paper#57705 | Written in 18-Jul-2015

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