Suppose you have an 10%, 20 year bond traded at $1,120. If it is callable in 5 years at $1,150, what is the bond's approximate yield to call? Interest is paid quarterly.
A) 7.78%
B) 8.00%
C) 9.40%
D) 9.36%
E) 9.72%

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The Answer of Suppose you have an 10%, 20 year bond traded at $1,120. If it is callable in 5 years at $1,150, what is the bond's approximate yield to call? Interest is paid quarterly.
A) 7.78%
B) 8.00%
C) 9.40%
D) 9.36%
E) 9.72%

Suppose You Have an 10%, 20 Year Bond Traded at $1,120