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A 1 5 - year, 6 . 5 0 0 0 % semi - annual bond with a PAR value of $ 1 , 0

A 15-year, 6.5000% semi-annual bond with a PAR value of $1,000
is currently selling for $1,246.50
with a YTM of 4.2593%
The bond could be called after SEVEN (7) years
for a CALL price of $1015
CALCULATE: YTC (Yield to CALL)
COMPLETE: Call Decision (yes or no) choice

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