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You are a bond trader. You are considering buying a bond with a coupon rate of 8 . 4 % that matures in 1 7

You are a bond trader. You are considering buying a bond with a coupon rate of 8.4% that matures in 17 years and has semiannual payments. The bond is now trading for $879.52. Par value is $1,000. The bond can be called in 7 years for $1,084. What is the yield to maturity (YTM)? Please answer in annual yield in percentage with two decimal places. For instance, if the answer is 7.72%, please put 7.72 as your answer.

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