Question: Convenient Stores has a bond issue with 10 years to maturity, $1,000 face value, 8% coupon interest compounded semiannually, that are callable in 5 years

Convenient Stores has a bond issue with 10 years to maturity, $1,000 face

value, 8% coupon interest compounded semiannually, that are callable in 5

years at $1050. The bonds currently sell in the market for $1,100.

What is the YIELD TO CALL ( NOT YIELD TO MATURITY)?

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