### What is the yield to call for these bonds

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Alex plans to purchase a callable bond of Horizon Inc. The bond is 20-year to maturity, carry 10.5% annual coupon, paid semi-annually, and have a\$1,000 par value. The bond is selling now for \$1,187.40 each. The bond can be called back in 5 years at a call price \$1,050.50. What is the yield to call for these bonds? Round the answer to two decimal places in percentage form

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