Question: The bond shown below can be called (i.e. redeemed at face value) immediately after the coupon payment starting with the 35th coupon payment. What is

The bond shown below can be called (i.e. redeemed at face

The bond shown below can be called (i.e. redeemed at face value) immediately after the coupon payment starting with the 35th coupon payment. What is the maximum yield rate (annual rate compounded semiannually) for this bond? Term: 20 Years Yield Rate: 4.5% compounded semiannually Annual Coupon Rate: 2.5% payable semiannually Face Value: 1000 Redemption Value: Par or Face Value Give your answer as a percentage rounded to four places (i.e. X.XXXX%). Do not include the percent sign in BlackBoard. Note: Coupons are paid at the end of every six month period. Selected Answer: 4.4566 Response Feedback: Incorrect

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