(Answered) Keenan industries has a bond outstanding with 15 years to

Finance

Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value.

The bond has a 6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,045. 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.

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