Atlantis fisheries issues zero coupon bonds on the market


Atlantis Fisheries issues zero coupon bonds on the market at a price of $514 per bond. Each bond has a face value of $1,000 payable at maturity in 14 years. It is callable in 7 years at a call price of $640. Using semi annual compounding, what is the yield to call for these bonds? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Yield to call          %

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Financial Management: Atlantis fisheries issues zero coupon bonds on the market
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