It is offered for sale at 111650 what is the yield to call


A 5.60 percent coupon bond with 15 years left to maturity can be called in six years. The call premium is one year of coupon payments. It is offered for sale at $1,116.50. What is the yield to call of the bond? (Assume interest payments are semiannual.)

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Financial Management: It is offered for sale at 111650 what is the yield to call
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