What is the bond nominal yield to call

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Trahan Industries has a bond outstanding with 30 years to maturity, a 4.8% coupon paid semiannually, and a $1,000 par value. The bond has a 3.6% nominal yield to maturity, but it can be called in 5 years at a price of $1,223.21. What is the bond's nominal yield to call?

 

 

Reference no: EM133000362

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