You are pricing each of the following callable bonds to guarantee a minimum yield rate of i2) = 5% compounded semi-annually and want to do as few calculations as possible. Answer the questions below...

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Extracted text: You are pricing each of the following callable bonds to guarantee a minimum yield rate of i2) = 5% compounded semi-annually and want to do as few calculations as possible. Answer the questions below with a full written explanation. a) A 15-year $1000 bond with semi-annual coupons paid at a nominal rate of 6% compounded semi-annually is callable at $1100 at the end of years 5 to 15. Which redemption date would give the highest yield when called at? Justify why.