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23 A 715 percent coupon bond with 27 years left to maturity can be called in eight years. The call premium is one year of

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23 A 715 percent coupon bond with 27 years left to maturity can be called in eight years. The call premium is one year of coupon payments. It is offered for sale at $1,096.85. What is the yield to call of the bond? (Assume interest payments are semiannual) (Round your answer to 2 decimal places.) to call 00-5748

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