Question: Problem 7 - 1 5 Yield to Call ( LG 7 - 6 ) A 6 . 9 0 percent coupon bond with 2 8
Problem Yield to Call LG
A percent coupon bond with 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 $ What is the yield to call of the bond? Assume interest payments are semiannual. Note: Round your answer to decimal places.
Yield to call
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