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A 30 -year maturity, 7.8% coupon bond paying coupons semiannually is callable in five years at a call price of $1,160. The bond currently sells

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A 30 -year maturity, 7.8% coupon bond paying coupons semiannually is callable in five years at a call price of $1,160. The bond currently sells at a yield to maturity of 6.8% (3.40\% per half-year). Required: a. What is the yield to call? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

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