[Solved] A(n) 6.4%, 20-year bond is callable in 12

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A(n) 6.4%, 20-year bond is callable in 12 years at a call price of $1,088. The bond is currently priced in the market at $1,024.07.

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A(n) 6.4%, 20-year bond is callable in 12 years at a call price of $1,088. The bond is currently priced in the market at $1,024.07. What is the issue's current yield? The issue's current yield is %. (Round to two decimal places.)

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