Ask your broker to send you an old copy of the Standard and Poors Bond Guide. They are published once a monthand contain the answer to most of your questions.Non-callable bonds are marked NC, other bonds may be callable at different dates (they are listed) at different prices. As they get near the maturity datethey will be callable at 100% (ie. PAR). When the bondis called you will be paid the call price+ any interestdue and the bond is then cancelled. Yield to maturityis a calculation based on bond yield AND bond price.You will find it in the last column in the S&P bondguide. If the bond is selling at a 100 (ie. par) theyield and YTM will be the same. If the bond is sellingat a discount, (ie.below par) the the YTM will show a greater return and the difference will create a capital gain on sale of the bond. If the bond is selling at a premium, the YTD will be < than the original interest rate on the bond. Thus, if you buy a bond at a premiumand hold to maturity, you will only get 100 (ie. par) for the bond. It really does not make sense to buy lowinterest bonds into to retirement accounts. I haveheld carefully chosen discounted, high yield industrialbonds in my IRA's for many years but this is considered risky for investors who do not thoroughly research andand track the bonds. Good Luck! - - Matthew
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