Maturity bond that pays a coupon rate

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What is the yield to call of a 30-year to maturity bond that pays a coupon rate of 8.62 percent per year, has a $1,000 par value, and is currently priced at $838? The bond can be called back in 4 years at a call price $1,071. Assume annual coupon payments. Round the answer to two decimal places in percentage form.

Reference no: EM13974038

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Maturity bond that pays a coupon rate : What is the yield to call of a 30-year to maturity bond that pays a coupon rate of 8.62 percent per year, has a $1,000 par value, and is currently priced at $838? The bond can be called back in 4 years at a call price $1,071.
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