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2. A 5.25 percent coupon bond with 10 years left to maturity can be called in five years. The call premium is one year of

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2. A 5.25 percent coupon bond with 10 years left to maturity can be called in five years. The call premium is one year of coupon payments. It is offered for sale at $1,050. What is the yield to call (YTC) for the bond? Assume coupons are paid annually

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