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Tsai Enterprises has a bond outstanding with 2 5 years to maturity, a 6 % coupon paid semiannually, and a $ 1 , 0 0

Tsai Enterprises has a bond outstanding with

25

years to maturity, a

6 %

coupon paid semiannually, and a $

1, 000

par value. The bond has a

5 %

nominal yield to maturity, but it can be called in

5

years at a price of $

1, 050 .

What is the bond

s nominal yield to call?

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