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Sofia purchases a $ 6 , 0 0 0 . 0 0 6 . 4 5 % eight - year par - value bond with

Sofia purchases a $6,000.006.45% eight-year
par-value bond with annual coupons. If held
to maturity, her yield is 6.6%. The bond is
callable at the end of two years for $6,300.00
and at the end of years five, six, and seven for
$6,200.00. Find Sofia's minimal yield for the
period she holds the bond.
Round your answer to three decimal places.
Answer in units of percent. Your answer
must be within +-0.0%
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