A 7.15 percent coupon bond with 27 years left to maturity can be called in eight years

| September 28, 2018

A 7.15 percent coupon bond with 27 years left to maturity can be called in eight years. The call premium is one year of coupon payments. It is offered for sale at $1,096.85. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) Yield to call%

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