What is the yield to call of a 23-year to maturity bond that pays a coupon rate of 7.16 percent per year, has a $1,000 par value, and is currently

What is the yield to call of a 23-year to maturity bond that pays a coupon rate of 7.16 percent per year, has a $1,000 par value, and is currently priced at $1,132.43? The bond can be called back in 5 years at a call price $1,059. Assume annual coupon payments.

Round the answer to two decimal places in percentage form. (Write the percentage sign in the "units" box)

You should use approximate formula for YTC