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27) - A $1,000 par value bond with a 4.0% coupon rate and 20 years to maturity is currently selling for a price of $1071.06.

27) - A $1,000 par value bond with a 4.0% coupon rate and 20 years to maturity is currently selling for a price of $1071.06. Assuming the bond is callable in 5 years at a price of $1015, what is the yield-to-call of this bond? Assume annual interest payments.

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