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1. You purchase for $900 a $1000 par value 10-year 8% coupon bond with semiannual payments that is callable in 5 years at $1,100. What

1. You purchase for $900 a $1000 par value 10-year 8% coupon bond with semiannual payments that is callable in 5 years at $1,100. What is the bonds yield to call? (YTC)

A. 11.3%

B. 13%

C. 14%

D. 15.9%

Please show formula and steps

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