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QUESTION 6 Company A has just issued a callable (at par) three-year, 5% coupon bond...

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Finance

QUESTION 6

Company A has just issued a callable (at par) three-year, 5% coupon bond with semiannual coupon payments. The bond can be called at par in two years or anytime thereafter on a coupon payment date. It has a price of $99. What is the bonds yield to Call?

NOTE: Answer in percentages. If your answer is 0.0204, you must answer 2.04. Do not use the "%" sign.

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