What is the yield to call if bond is called at seven years

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You own a bond with the following features: face value of $1000, coupon rate of 6% (semiannual coupon), and 15 years to maturity. The bond has a current price of $1104.65. The bond is callable after seven years with the call price of $1100. What is the yield to call if the bond is called at seven years (state as an APR)?

Reference no: EM131450295

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