A callable bond pays annual interest of $60, has a par value of $1,000, matures in 20 years but is callable in 5 years a

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answerhappygod
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A callable bond pays annual interest of $60, has a par value of $1,000, matures in 20 years but is callable in 5 years a

Post by answerhappygod »

A callable bond pays annual interest of $60, has a par value of
$1,000, matures in 20 years but is callable in 5 years at a price
of $1,100, and has a value today of $1055.84. The yield to call on
this bond is ________.
Group of answer choices
6.88%
8%
7.2%
6.41%
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