Wesker Industries has a bond outstanding with 15 years to maturity, a coupon rate of 8.25% with SEMIANNUAL payments, and a $1,000 par value. The bond offers a 6.50% nominal yield to maturity, but it...

Wesker Industries has a bond outstanding with 15 years to maturity, a coupon rate of 8.25% with SEMIANNUAL payments, and a $1,000 par value. The bond offers a 6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,120. What is the bond's nominal yield to call? (Ch. 7)