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1 . A $ 1 0 0 0 , 1 5 - year semiannual bond, callable at $ 1 1 0 0 after 1 0

1. A $1000,15-year semiannual bond, callable at $1100 after 10 years, has a 4.3% coupon rate and sells for $1025.
Calculate the yield-to-maturity (YTM).(Do not include the "%" sign. Round to 2nd decimal point. Example:12.3456% entered as 12.35)

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