finance問題一問
the company decides to issue a callable bond that is expected to sell for $840 per bond. if the bond is a twety-year semi-annual bond with a 6% coupon rate, $1000 face value and a current yield-to-maturity of 7%, should the price of the callable bond be higher or lower than that of non-callable bond with the same features? why? what is the cost of the option attached to the bond?我計到non-callable係893.22>callable既840 但係我唔知點答why?? 同埋點計個cost of the option attached to the bond?
請問有無人可以教下我?? thx a lot {:14_703:}
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