| Yield
to Call |
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The
yield of a bond or note, if you were to buy and hold the security
until the call date. This yield is valid only if the security is called
prior to maturity. The calculation of yield to call is based on the
coupon rate, length of time to the call date and the market price.
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Generally
bonds are callable over several years and normally are called at a
slight premium. |
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Dictionary
