Assignment Score: 70.08% Problem 4-15 (Yield to Call, Yield to Maturity, and Market Rates) Save Submit Assignment for Grading Question 12 of 14 Check My Work eBook Yield to Call, Yield to Maturity, and Market Rates Absalom Energy's 14% coupon rate, semiannual payment, $1,000 par value bonds that mature in 25 years are callable 6 years from now at a price of $800. The bonds sell at a price of $1,150.00, and the yield curve is flat. Assuming that interest rates in the economy are expected to remain at their current level, what is the best estimate of the nominal interest rate on new bonds issued in 6 years? Do not round intermediate calculations Round your answer to two decimal places. Check My Work 11:32 PM