What is the yield to call of the bond

Reference no: EM131928301

Question: A 5.50 percent coupon bond with 13 years left to maturity can be called in four years. The call premium is one year of coupon payments. It is offered for sale at $1,096.10. What is the yield to call of the bond? (Assume interest payments are semiannual.)

Reference no: EM131928301

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