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our firm has a 7-year, RM 1,000 par outstanding bond with an 8.25 percent annual coupon. The current yield to maturity is 7.1 percent. The

our firm has a 7-year, RM 1,000 par outstanding bond with an 8.25 percent annual coupon. The current yield to maturity is 7.1 percent. The bond can be called in three years at a call price of RM 1,020. Assume there will be no change in the term structure of interest rates, what is the estimated yield to call of this bond?

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