A 665 percent coupon bond with 27 years left to maturity, Financial Management

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A 665 percent coupon bond with 27 years left to maturity

A 6.65 percent coupon bond with 27 years left to maturity can be called in eight years. The call premium is one year of coupon payments. It is offered for sale at $1,126.45. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)

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Financial Management: A 665 percent coupon bond with 27 years left to maturity

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Financial Management: A 665 percent coupon bond with 27 years left to maturity

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