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Fixed Income / Yield Measures

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Fixed Income

Yield Measures

A premium bond is callable in 3 years at 100. It has 8 years to maturity, a 7% annual coupon paid semiannually, and a current price of 104 per 100 of par. The YTM is 6.35% and the yield-to-call is 5.53%. The yield-to-worst is:

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