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Problem 7-30 Yield to Call (LG7-6) A 5.70 percent coupon bond with 17 years left to maturity can be called in eight years. The call

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Problem 7-30 Yield to Call (LG7-6) A 5.70 percent coupon bond with 17 years left to maturity can be called in eight years. The call premium is one year of coupon payments. It is offered for sale at $1136.90. 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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