Business, 20.03.2020 01:27 okstyles

"A 20-year, 8% semiannual coupon bond with a par value of $1,000 may be called in 5 years at a call price of $1,040. The bond sells for $1,100. (Assume that the bond has just been issued.)"

asic Input Data:Years to maturity: 20Periods per year: 2
Periods to maturity:Coupon rate: 8%Par value: $1,000Periodic payment:Current price $1,100Call price: $1,040Years till callable: 5Periods till callable:
What is the bond's yield to maturity?

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"A 20-year, 8% semiannual coupon bond with a par value of $1,000 may be called in 5 years at a call...