Estimate what is yield to call

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Question 1: Tropical Resort, Inc.'s bonds currently sell for $1,350 and have a par value of $1,000. They pay an 11% coupon rate with interest paid semi-annually, and have a 15-year maturity, but they can be called in 7 years at $1,125. What is their yield to call (YTC)? Enter your answer rounded to two decimal places. Do not enter % in the answer box. For example, if your answer is 0.12345 or 12.345% then enter as 12.35 in the answer box.

Reference no: EM132534813

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