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A corporate bond pays interest twice a year and has 22 years to maturity, a face value of $1,000 and a coupon rate of 5.8%.

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A corporate bond pays interest twice a year and has 22 years to maturity, a face value of $1,000 and a coupon rate of 5.8%. The bond's current price is $1,416.31. It is callable starting 16 years from now (years to call) at a call price of $1,004. Part 1 - Attempt 1/5 for 10 pts. What is the bond's (annualized) yield to maturity

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