The return expected on a bond if it is called prior to maturity, calculated as the compound interest rate that would make the present value of a bond’s future coupon payments and future call price equal to its current market price
Our glossary of private capital terms
The return expected on a bond if it is called prior to maturity, calculated as the compound interest rate that would make the present value of a bond’s future coupon payments and future call price equal to its current market price