Solved: What is the yield to call of a 30-year to maturity bond, Accounting Basics

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What is the yield to call of a 30-year to maturity bond

What is the yield to call of a 30-year to maturity bond that pays a coupon rate of 8.62 percent per year, has a $1,000 par value, and is currently priced at $838? The bond can be called back in 4 years at a call price $1,071. Assume annual coupon payments. Round the answer to two decimal places in percentage form.

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Accounting Basics: What is the yield to call of a 30-year to maturity bond

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