A corporate bond pays interest twice a year and has 21 years to maturity, a face value of $1,000 and a coupon rate of 5.8%. The bond's current price is $1,422.2. It is callable starting 15 years from now (years to call) at a call price of $1,067. Attempt 1/5 for 10 pts.

Part 1 What is the bond's (annualized) yield to maturity?