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Problem 7-29 Yield to Call (LG7-6) A 6.90 percent coupon bond with 28 years left to maturity can be called in nine years. The call

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Problem 7-29 Yield to Call (LG7-6) A 6.90 percent coupon bond with 28 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 $1,106.85. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) Yield to call %

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