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A 7.10 percent coupon bond with 26 years left to maturity can be called in nine years. The call premium is one year of coupon

A 7.10 percent coupon bond with 26 years left to maturity can be called in nine years. The call premium is one year of coupon payments. It is offered for sale at $1,086.35. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) Yield to call References eBook & Resources Worksheet Difficulty: 2 intermediate Check my work

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