Greshak Corp. currently has bonds outstanding that trade for $836.09 in the market. Each bond has a $1,000 par value, an annual coupon rate of 9.25% (paid semiannually), and have 19 years remaining to maturity. In the market, this bond currently has a 11.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,070. What is the bond’s nominal yield to call?
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