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A bond with a face value of $1,000 matures in 11 years and has a 10.9 percent semiannual coupon. (That is, the bond pays a
A bond with a face value of $1,000 matures in 11 years and has a 10.9 percent semiannual coupon. (That is, the bond pays a $54.50 coupon every six months.) The bond has a nominal yield to maturity of 9.3 percent, and it can be called in 4 years at a call price of $1,016,00. What is the bond's nominal yield to call? 8.82% 8.62% 8.42% 08.02% 8.2296
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