D / rp 11. A 15-year, 8% annual coupon bond selling for $1,500 can be called in 10 years for $1,200, what is its yield t

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D / rp 11. A 15-year, 8% annual coupon bond selling for $1,500 can be called in 10 years for $1,200, what is its yield t

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D / rp
11. A 15-year, 8% annual coupon bond selling for $1,500
can be called in 10 years for
$1,200, what is its yield to call (YTC)? Assume a par value of
$1000.
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