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Bond X is a 12-year, annual coupon bond with a face value of $1000, a coupon rate of 7.5%, and sells for $1025. The bond
Bond X is a 12-year, annual coupon bond with a face value of $1000, a coupon rate of 7.5%, and sells for $1025. The bond is callable after 7 years at a price of $1050. Calculate Bond Xs yield-to-maturity. (include TWO decimal places, but do NOT include the "%" sign. Example 12.34% = 12.34)
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