A
company's bonds have 20 years to maturityan % coupon paid annually
and a \$1,000 par value. The bonds Currently sell for \$1,150 , but
can be called in years at a price of $1,100. What is the nominal
yield to call (YTC on these bonds (to one decimal place, e.g.
5.1\%) )?
8%
coupon paid annually
5
years