A 6.75 percent coupon bond with 13 years left to maturity can be called in two years.

Fantastic news! We've Found the answer you've been seeking!

Question:

A 6.75 percent coupon bond with 13 years left to maturity can be called in two years. The call price is $1067.5. It is offered for sale at $919.75. What is the yield to call of the bond? Assume interest payments are paid semi-annually and par value is $1,000.