One year ago, Carson Industries issued a 10-year, $1,000 PAR coupon bond at its PAR value. This Bond's annual coupon rat

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answerhappygod
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One year ago, Carson Industries issued a 10-year, $1,000 PAR coupon bond at its PAR value. This Bond's annual coupon rat

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One year ago, Carson Industries issued a 10-year, $1,000 PAR
coupon bond at its PAR value.
This Bond's annual coupon rate is 11%. Coupons are paid 2 times
in a year.
The Bond is currently trading at $900.
However, this bond can be called in 6 years from today at a
price of $1065
What is the YTC (Yield to Call) of this Bond? In other
words, what is the Bond investor's return if the Bond is
called?
Enter your answer in the following format: 0.1234
Hint: Answer is between 0.1283 and 0.1582
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