The computation for the yield to call (YTC) is the same as that for the yield to maturity (YTM) , except that we substitute the _____ of the bond for the maturity (par) value and _____ for the years to maturity.
A) market price; the number of years until the bond can be first called
B) face value; five years
C) call price; the number of years until the bond can be first called
D) principal value; 10 years
E) issue price; the number of years until the bond can be first called
Correct Answer:
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