A 510 percent coupon bond with 15 years left to maturity, Financial Management

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A 510 percent coupon bond with 15 years left to maturity

A 5.10 percent coupon bond with 15 years left to maturity can be called in three years. The call premium is one year of coupon payments. It is offered for sale at $1,060.30. What is the yield to call of the bond? (Assume interest payments are semi annual.) (Round your answer to 2 decimal places.)

Yield to call _________%

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Financial Management: A 510 percent coupon bond with 15 years left to maturity

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Financial Management: A 510 percent coupon bond with 15 years left to maturity

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