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QUESTION 11 Suppose a corporate bond with a par value of $1,000, 8 years until maturity, and a 6.646 coupon. The bond is callable in

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QUESTION 11 Suppose a corporate bond with a par value of $1,000, 8 years until maturity, and a 6.646 coupon. The bond is callable in 3 years with a $10 call premium when called. The bond makes payments semi-annually and currently trades for a price of $971.20. Compute the more appropriate yield: either yield-to-maturity (YTM) or yield-to-call (YTC). (If your answer is 5.254, enter 5.25.)

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