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3. Three years ago, a company issued a 10-year bond with a $1,000 face value and a 5 percent coupon rate of interest. Interest is
3. Three years ago, a company issued a 10-year bond with a $1,000 face value and a 5 percent coupon rate of interest. Interest is paid semiannually. This bonds current market price is $800. If the bond can be called in two years for a redemption price of $1,010, what is the bonds yield to call? please show work.
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