A corporate bond pays interest twice a year and has 18 years to maturity, a face...

A corporate bond pays interest twice a year and has 18 years to maturity, a face value of $1,000 and a coupon rate of 5.6%. The bond's current price is $1,359.59. It is callable starting 12 years from now (years to call) at a call price of $1,106.

What is the bond's (annualized) yield to call?

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As nothing was mentioned excel is used.

jeff jeffy answered 3 months ago

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