What is the bond nominal yield to call

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Nankee Company has a bond outstanding with 12 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 7.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,150. What is the bond’s nominal yield to call?

Reference no: EM132014326

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