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QUESTION 6 Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal...

QUESTION 6 Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,175. What is the bond’s nominal yield to call? a. 7.18% b. 7.39% c. 6.03% d. 7.47% e. 8.04%

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