What is the yield to call of a 25-year to maturity bond
What is the yield to call of a 25-year to maturity bond of Computerz,
Inc. that pays a coupon rate of 9.2 percent per year, has a $1000 par value, and is currently priced at $1,266? The bond can be called back in 9 years at a call price of $1,077. Assume annual coupon payments.
Round the answer to two decimal places in percentage form. Use Excel or a financial calculator.