What is the yield to call of a 20 year to maturity bond
What is the yield to call of a 20 year to maturity bond that pays
a coupon rate of 6.54% per year, has a $1000 par value, and is currently priced at $1104? The bond can be called back in seven years at a call price of $1056. Assume annual coupon payments.
Round the answer to two decimal places in percentage form.