C 0 Keenan Industries has a bond outstanding with 25 years to maturity, a 7.45% nominal...

Transcribed Image Text:

C 0 Keenan Industries has a bond outstanding with 25 years to maturity, a 7.45% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 5.90% nominal yield to maturity, but it can be called in 5 years at a price of $1,095. What is the bond's nominal yield to call? Do not round your intermediate calculations. a. 4.61% Ob. 2.76% 0 0 c. 3.18% d. 4.76% e. 2.30% C 0 Keenan Industries has a bond outstanding with 25 years to maturity, a 7.45% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 5.90% nominal yield to maturity, but it can be called in 5 years at a price of $1,095. What is the bond's nominal yield to call? Do not round your intermediate calculations. a. 4.61% Ob. 2.76% 0 0 c. 3.18% d. 4.76% e. 2.30%