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Summit Corp's annual coupon bonds currently sell for $ 1 3 0 0 . They pay a $ 1 0 5 annual coupon and have

Summit Corp's annual coupon bonds currently sell for $1300. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $100 premium to par. What is the bond's yield to call?Assume a par value of $1000.Show the buttons you pressed on your financial calculator or the time value of money formulas of chapter 5 used to compute the answer for full credit.

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