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Belinda Harding, fixed income portfolio manager of FIS Fund Advisors, is evaluating a bond issued by Refin Corp. The bond pays a 6.5% coupon semi-annually

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Belinda Harding, fixed income portfolio manager of FIS Fund Advisors, is evaluating a bond issued by Refin Corp. The bond pays a 6.5% coupon semi-annually and matures in 12 years. However, the bond is callable in 6 years at a call price of $1,050. What is the bond equivalent yield to call it Belinda buys the bond now at the price of 822.75? Provide your answer in percentage (just number, do not type 96). Round your answer to two decimal points

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