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The yield to call (YTC) is

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The yield to call (YTC) is

The yield to call (YTC) is

▸ the yield that an investor would expect to make if he or she bought the bond at the current price, held it to maturity, and received all the promised payments on their scheduled dates.

▸ the yield that an investor would expect to make if he or she bought the bond at the current price and held it to call date and received the call price.

▸ the opportunity cost of forgone coupon payments.

▸ all of the above

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Corporate Finance

Edition: 5^th

Author: Booth

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Just got PERFECT on my quiz

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