What is the quoted annual yield-to-call for these bonds

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Question - Yes They Can, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 25 years. The annual coupon rate is 12.0% with quarterly coupon payments. The bonds are currently selling for $979. The bonds may be called in 6 years for 112.0% of par. What is the quoted annual yield-to-call for these bonds?

Reference no: EM133039277

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