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Problem 23 Intro IBM just issued a bond with an annual coupon of 8.3% and a face value of $1,000 that matures in 20 years.

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Problem 23 Intro IBM just issued a bond with an annual coupon of 8.3% and a face value of $1,000 that matures in 20 years. The bond's current price is $1,489.31. It is callable at a call price of $1,050 with 10 years of call protection from now. Attempt 1/5 for 10 pts. Part 1 What is the yield to call? Enter your answer as a decimal. + decimals Submit

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