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A 30-year maturity, 8% coupon bond paying coupons semiannually is callable in five years at a call price of $1,100. The bond currently sells at

A 30-year maturity, 8% coupon bond paying coupons semiannually is callable in five years at a call price of $1,100. The bond currently sells at a yield to maturity of 7% and has a par value of $1,000. What is its yield to call? Enter your answer as a decimal, rounded to four decimal places. (Hint: First compute the current price of the bond based on YTM)

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