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Arco Industries has a bond outstanding with 1 5 years to maturity, an 8 . 2 5 % nominal coupon, semiannual payments, and a $
Arco Industries has a bond outstanding with years to maturity, an nominal coupon, semiannual payments, and a $ par value. The bond has a vield to maturity, but it can be called in years at a price of $ What is the bond's yield to call?
Hint: Calculate the bond's price based on the YTM and then use that price to find the YTC
Your answer should be between and rounded to decimal places, with no special characters.
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