Question
Upsy Daisy Inc. has a bond outstanding with 15 years to maturity, an 8% nominal coupon, semiannual payments, and a $1,000 par value.
The bond has a 6% nominal yield to maturity, but it can be called in 6 years at a price of $1,120. What is the bond's nominal yield to call
The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.