(Answered) Bowen industries has a bond outstanding with 10 years to

Finance

Bowen Industries has a bond outstanding with 10 years to maturity, a 5% coupon paid semiannually, and a $1,000 par value. The bond has a 4% nominal yield to maturity, but it can be called in 3 years at a price of $1,025. What is the bond's nominal yield to call?

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