Question: Problem 7 - 1 5 Yield to Call ( LG 7 - 6 ) A 6 . 9 0 percent coupon bond with 2 8

Problem 7-15 Yield to Call (LG7-6)
A 6.90 percent coupon bond with 28 years left to maturity can be called in nine years. The call premium is one year of coupon payments. It is offered for sale at $1,106.85. What is the yield to call of the bond? (Assume interest payments are semiannual.) Note: Round your answer to 2 decimal places.
Yield to call %
 Problem 7-15 Yield to Call (LG7-6) A 6.90 percent coupon bond

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