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Round final answer to 2 decimal places. A company has a bond issue outstanding with 20 years to maturity, paying a semiannual coupon of 7.15%.

image text in transcribedRound final answer to 2 decimal places.

A company has a bond issue outstanding with 20 years to maturity, paying a semiannual coupon of 7.15%. The bond has a 6.75% yield to maturity. The bond can be called after 7 years for a call price of $1,143. What is the bond's yield to call if it is called at the end of the 10th year? (HINT: THIS IS A 2 PART

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