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Use this information to answer questions 5 - 8 . Consider a 1 2 - year, 6 % coupon rate, semiannual - pay bond that

Use this information to answer questions 5-8. Consider a 12-year, 6% coupon rate, semiannual-pay bond that is first callable in 5 years at $1,025 and in 10 years at par. The current market price of the bond is $925. Calculate the yield-to-first call (i.e. the yield-to-call in 5 years). Please write your answer using at least 4 decimal places. Solve using a ti-84.

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