What is the yield to call of maturity bond

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Reference no: EM131597388

What is the yield to call of a 30-year to maturity bond that pays a coupon rate of 7.00 percent per year, has a $1,000 par value, and is currently priced at $988? The bond can be called back in 8 years at a call price $1,098. Assume annual coupon payments. Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

Reference no: EM131597388

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