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2. A bond maturing in 15 years at a par value of $1,000 has a coupon rate of 7% and current market price of $1,140.95.

2. A bond maturing in 15 years at a par value of $1,000 has a coupon rate of 7% and current market price of $1,140.95. If the bond is callable after 5 years at $1,050, what is the bonds yield to call? (Hint: Click on YTC tab in the Bond Calculator app)

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