What is the quoted annual yield-to-call for these bonds

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Question - Yes They Can, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 17 years. The annual coupon rate is 14.0% with semi-annual coupon payments. The bonds are currently selling for $933. The bonds may be called in 5 years for 114.0% of par. What is the quoted annual yield-to-call for these bonds?

Reference no: EM133018317

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