Question: Telsa, Inc. issued a 20 -year bond which is callable in 10 years. It has a coupon rate of 10.25% payable semiannually and has a

Telsa, Inc. issued a 20 -year bond which is callable in 10 years. It has a coupon rate of 10.25% payable semiannually and has a call premium of $150. What is the yield to call to the investor if the investor purchases the bond at the price quoted at 85.2 in the financial press? (The face value of the bond is $1000.) (Note that we have discussed how to read the bond price quote in the financial press in D2L Assignment 2.)

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