A bond is currently selling for 112% of par and has 16 years to maturity. The bond pays interest semiannually. The coupon rate is 9.4 percent, and the bond is callable in 4 years at a premium of $90. What is the yield to call of the bond if it has a par value of $1,000?

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The Answer of A bond is currently selling for 112% of par and has 16 years to maturity. The bond pays interest semiannually. The coupon rate is 9.4 percent, and the bond is callable in 4 years at a premium of $90. What is the yield to call of the bond if it has a par value of $1,000?

A Bond Is Currently Selling for 112% of Par and Has