It is now January 1, 2019, and you are considering the purchase of an outstanding bond that was issued on January 1, 201

[answerhappygod]

It is now January 1, 2019, and you are considering the purchase
of an outstanding bond that was issued on January 1, 2017. It has a
9% annual coupon and had a 20-year original maturity. (It matures
on December 31, 2036.) There is 5 years of call protection (until
December 31, 2021), after which time it can be called at 108—that
is, at 108% of par, or $1,080. Interest rates have declined since
it was issued, and it is now selling at 114.12% of par, or
$1,141.20.
%
What is the yield to call? Do not round intermediate
calculations. Round your answer to two decimal places.
%