sadik inch's bonds currently sell for $1,300 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call

5.31%

Explanation:

For computing the yield to call we need to use the RATE formula i.e shown in the attachment below:

Given that,  

Present value = $1,300

Future value or Face value = $1,100

PMT = 105

NPER = 5 years

The formula is shown below:  

= Rate(NPER;PMT;-PV;FV;type)  

The present value come in negative  

So, after applying the above formula, the yield to call is 5.31%

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answer; ///decision making under risk;