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Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has

Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 6 years at a 4.5% call premium. What is the bonds nominal yield to call? (HINT: Step 1. Solve for the bonds current market price using the YTM and all the other relevant information. Step 2. You are then ready to solve for the YTC since you have everything needed. Be careful that this is a problem of a semiannual coupon bond.) Question 4 options: 5.54% 4.42% 5.59% 6.77% 5.09%

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