What can you say about the yield to maturity on a callable bond
compared to an...
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What can you say about the yield to maturity on a callable bondcompared to an otherwise identical straight bond? Why?
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The yield to maturity y of any bond and the bonds price are inversely related by means of the following equation Bond Price Bond Coupon x 1y x 111yBond Tenure Bond Par Value 1yBond Tenure
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