Question: Now assume the date is October 2 5 , 2 0 2 0 . Assume further that a 1 3 % , 1 0 -

Now assume the date is October 25,2020. Assume further that a 13%,10-year bond was issued on July 1,2020, pays interest semiannually (on January 1 and July 1), and sells for $1,080. Again, it may be called in 4 years from the date of issue at a call price of $1,050. Use your spreadsheet to find the bond's yield. Round your answers to two decimal places.

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