What yield to call of the bond?

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6-30 Yield to Call A 5.25 percent coupon bond with 14 years left to maturity can be called in 4 years. The call premium is one year of coupon payments. It is offered for sale at $1,075.50.  What yield to call of the bond? (Assume that interest payments are paid semi-annually.)

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N=8, PV=-1075.50, PMT=26.25, FV=1052.50   CPT I = 2.193%, YTC = 2.193% × 2 = 4.39%

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