Question: Mr. Clark is considering another bond, Bond D. It has 8% annual coupon and a face value of $1000. Bond D is scheduled to mature

Mr. Clark is considering another bond, Bond D. It has 8% annual coupon and a face value of $1000. Bond D is scheduled to mature in 9 years and has a price of $1150. It is also callable in 5 years at a price of $1040. What is Bond D's yield to call (YTC)? Provide your answer in percentage format without using a \%. Round to two decimal places. Your answer will be marked correctly if it +/0.1% of the correct

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