What is the yield to call if the bond is called at seven

Reference no: EM13847411

You own a bond with the following features: face value of $1000, coupon rate of 6% (semiannual compounding), and 15 years to maturity. The bond has a current price of $1,200. The bond is callable after nine years with the call price of $1100. What is the yield to call if the bond is called at seven years (state as an APR)?

Enter your answer to 2 decimal places. For example 5.27

Please show the steps by using financial calculator

Reference no: EM13847411

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