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One year ago, Carson Industries issued a 10-year, $1,000 PAR coupon bond at its PAR value. This Bond's annual coupon rate is 11%. Coupons are

  • One year ago, Carson Industries issued a 10-year, $1,000 PAR coupon bond at its PAR value.
  • This Bond's annual coupon rate is 11%. Coupons are paid 2 times a year.
  • The Bond is currently trading at $1350.
  • However, this bond can be called in 6 years from today at a price of $1065.

How much is the YTC (Yield to Call) of this Bond? In other words, How much is the Bond investor's return if the Bond is called? Enter your answer in the following format: 0.1234 Hint: Answer is between 0.0509 and 0.0671

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