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Bond Features Maturity (years) 9 Face Value = $1,000 Coupon Rate = 5.00% Current Price = $980 Coupon dates (Annual) Time to call (years) 6

Bond Features

Maturity (years) 9 Face Value = $1,000 Coupon Rate = 5.00% Current Price = $980 Coupon dates (Annual) Time to call (years) 6 Price if Called $1,050

What is the bond's yield to call (YTC) (annual) if the bond is called at its first possible date?

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