Assume that you just paid $985.50 for a 10-year, $1,000 par value bond that has an annual coupon rate of 7.0 percent (makes semi-annual coupon payments of $35). Also assume that this bond can be called in 5 years at a call price of $1,050. Based on this information, determine the annual yield to call (YTC) for this bond. Round your answer to the nearest basis point (0.0001).

Assume that you just paid $985.50 for a 10 -year, $1,000 par value bond that has an annual coupon rate of 7.0 percent (makes semi-annual coupon payments of $35 ). Also assume that this bond can be called in 5 years at a call price of $1,050. Based on this information, determine the annual yield to call (YTC) for this bond. Round your answer to the nearest basis point (0.0001)