(Answered) A 525 percent coupon bond with 18 years left to maturity

Finance

A 5.25 percent coupon bond with 18 years left to maturity can be called in six years. The call premium is one year of coupon payments. It is offered for sale at $1,090.90. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)

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