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Bank of Americas bonds currently sell for $1250 They pay a $90 annual coupon have a 25year maturity and a $1000 par value but they can be called in five years at $1050 What is the difference

Bank of America’s bonds currently sell for $1,250. They pay a $90 annual coupon, have a 25-year maturity, and a $1,000 par value, but they can be called in five years at $1,050. What is the difference between this bond's yield to maturity (YTM) and its yield to call (YTC)? [Type in your answer as a percent, to the 100ths of a percent].
 

Apr 29 2020 View more View Less

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