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The 6.5 percent bond of ABCO has 17 years left to maturity. The bonds make semiannual payments and can be called in seven years from
The 6.5 percent bond of ABCO has 17 years left to maturity. The bonds make semiannual payments and can be called in seven years from today, at 117 percent of par. What is the Yield to Call on these bonds if they are currently selling for 120 percent of par?
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$32.50
2.56%
5.12%
6.79%
6.20%
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