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A 12-year, $1,000 par, 6.25% coupon bond with semiannual payments sells for $1,125. It is first callable in 3 years at $1,062.5. It is putable

A 12-year, $1,000 par, 6.25% coupon bond with semiannual payments sells for $1,125. It is first callable in 3 years at $1,062.5. It is putable in 5 years at $937.5. Show the financial calculator inputs and output to find the yield to maturity (YTM). Make sure the calculator is set at 1 pmt/year (P/Y = 1). Record yields to the nearest basis point, use the % symbol (e.g., if the calculator computes the yield to be 2.1867, record it as 2.19%). Find N, PV, FV, PMT, I/Y, and annual bond equivalent yield

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