16. Jerome Corporation's bonds have 15 years to maturity, a coupon rate of 8.75%, semiannual coupon payments, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity ( rd), but it can be called in 6 years at a price of $1,050. What is the bond's (nominal) yield to call (YTC)? (Hint: First, find the price of bond) Reference: Fin 3IQ.Very basic. Examples in the example set. Probably calculator error..