What is the bonds nominal yield to call

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Reference no: EM132036110

Question

Upsy Daisy Inc. has a bond outstanding with 15 years to maturity, an 8% nominal coupon, semiannual payments, and a $1,000 par value.

The bond has a 6% nominal yield to maturity, but it can be called in 6 years at a price of $1,120. What is the bond's nominal yield to call

The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM132036110

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