Question: A 3 0 - year maturity, 7 . 8 % coupon bond paying coupons semiannually is callable in five years at a call price of

A 30-year maturity, 7.8% coupon bond paying coupons semiannually is callable in five years at a call price of $1,110. The bond currently sells at a yield to maturity of 6.8%(3.40% per half-year). The yield to call is what %?(Do not round intermediate calculations. Solve with a financial calculator

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