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Unformatted text preview: Promised Yield To Call • Same as above, only calculated until call date using call premium as face value. Realized Yield (Horizon Return) • Calculating an expected return over a specified holding period, using an expected future selling price of the bond. Investors are required to estimate the holding period and the future price (through expected future YTM’s -- term structure )....
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This note was uploaded on 04/18/2008 for the course BUSI 2008 taught by Professor Dob during the Spring '08 term at Carleton CA.
- Spring '08