Part H). Assume that this bond is CALLABLE, where the call price is 1150, and the deferment period ends when there are 15 years remaining to maturity, i.e., 7 years from now.

1150 call price

7 remaining deferment periods in years

What is the yield to first call. Use excel function. Thanks

\begin{tabular}{|c|l|} \hline 1000 & Par value \\ \hline 22 & T, time to maturity, in years \\ \hline 12% & rC, coupon rate \\ \hline 9.87% & y, yield to maturity \\ \hline 2 & m, compounding periods per year \\ \hline \end{tabular} \begin{tabular}{|c|l|} \hline 1000 & Par value \\ \hline 22 & T, time to maturity, in years \\ \hline 12% & rC, coupon rate \\ \hline 9.87% & y, yield to maturity \\ \hline 2 & m, compounding periods per year \\ \hline \end{tabular}