(Answered) What is the yield to call of a 23-year to maturity bond

Finance

What is the yield to call of a 23-year to maturity bond that pays a coupon rate of 8.80 percent per year, has a $1,000 par value, and is currently priced at $940.82? The bond can be called back in 4 years at a call price $1,036. Assume annual coupon payments.

Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

You should use approximate formula for YTC

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