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Tony Ly is treasury manager with deeter holdings, a large consumer products holding company. the assistant...

Tony Ly is treasury manager with deeter holdings, a large consumer products holding company. the assistant treasurer has asked Ly to calculate yield and the yield to first call on a bond the company holds that has the following characteristics, 7 years to maturity , $1000 face value 7.0% semi -annual coupon, priced to yield 9.0% callable at $1,060 in two years , if Ly calculates correctly , the yield to call is approximately :

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SOLVED WITH BA II PLUS FINANCIAL CALCULATOR

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