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Sommers Co.'s bonds currently sell for $1,075 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity,
Sommers Co.'s bonds currently sell for $1,075 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,125. What is their yield to call (YTC)? Your answer should be entered in decimal form (not percent) and should be rounded to four decimal places
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