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5. You own a bond with the following features: face value of $1000, coupon rate of 5% (semiannual compounding), and 15 years to maturity. The

5.

You own a bond with the following features: face value of $1000, coupon rate of 5% (semiannual compounding), and 15 years to maturity. The bond has a current price of $1,115. The bond is callable after 5 years with the call price of $1,050 (i.e.: the call premium is $50). What is the yield to call if the bond is called at 5 years (state as an APR)?

Enter your answer as a percentage, without the percentage sign ('%'), and rounded to 2 decimals. For example, if your answer is 0.0567, that's 5.67%, so enter 5.67

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