What is the yield to call of bond

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A 6.45 percent coupon bond with 29 years left to maturity can be called in nine years. The call premium is one year of coupon payments. It is offered for sale at $1,116.75. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)

Reference no: EM132007384

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