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You are a bond trader, You are considering buying a semiannual bond with a coupon rate of 6.5% that matures in 11 years. The bond

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You are a bond trader, You are considering buying a semiannual bond with a coupon rate of 6.5% that matures in 11 years. The bond price is now trading for $942.18. Par value is $1,000. The bond can be called in 7 years for $1,052. What is the yield to call (YTC)? (Please write in annual yield to call in percentage form with 2 decimal places Le. 12.34 . Do not include a percent sign with your answer) Numeric Response

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