Bond nominal yield to call-software company

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Problem: Software Company has a bond outstanding with 18 years to maturity, a 10.72% nominal coupon, semiannual payments, and $1,000 per value. The bond has 8.76% nominal yield to maturity, but it can be called in 11 years at a 9.00% call premium. What is the bond's nominal yield to call? Please provide the complete solution of this problem.

Reference no: EM132484906

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