Yield to call
The percentage rate of a bond or note if the investor buys and holds the security until the call date. This yield is valid only if the security is called prior to maturity. Generally bonds are callable over several years and normally are called at a slight premium. The calculation of yield to call is based on coupon rate, length of time to call, and market price.
Nearby TermsYield spread strategies Yield to average life Yield to call Yield to maturity Yield to warrant call
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University