What is the bond nominal yield to call

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A) Determine the yield-to-call of an LTV bond with a 14 percent annual coupon rate, that pays interest semiannually. The bond can be called in 7 years, has a call price of $1140, and is currently selling for $1154.

B) Stern Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,150. What is the bond’s nominal yield to call?

Please refrain from using excel.

Reference no: EM131828993

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