What is the yield to call of a 30-year to maturity bond of General Power, Inc. that pays a coupon rate of 8.6 percent per year, has a $1000 par value, and is currently priced at $1,225? The bond can be called back in 6 years at a call price of $1,055. Assume annual coupon payments.
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What is the yield to call of a 30-year to maturity bond of General Power, Inc. that pays a coupon rate of 8.6 percent per year, has a $1000 par value, and is currently priced at $1,225? The bond can be called back in 6 years at a call price of $1,055. Assume annual coupon payments.