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(5pts) 6. JR Industries has a bond outstanding with 30 years to maturity, an 6.0% nominal coupon, semiannual payments, and a $1,000 par value. The
(5pts) 6. JR Industries has a bond outstanding with 30 years to maturity, an 6.0% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 5.50% nominal yield to maturity, but it can be called in 5 years at a price of $1,050. What is the bonds nominal yield to call (YTC)? Please show all work and avoid using excel.
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