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A 6.80% coupon bond with 22 years left to maturity can be called in 16 years; The call premium is 1 year of coupon payments;
"A 6.80% coupon bond with 22 years left to maturity can be called in 16 years; The call premium is 1 year of coupon payments; The bond is currently offered for sale at $1,145.82 (Assume interest payments are semiannual) - What is the bond's yield to call?"
11.33%
5.43%
5.64%
5.55%
5.67%
5.24%
11.72%
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