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4. A $1,000 par value bond sells for $1.216. It matures in 20 years, has a 14 percent coupon, pays interest semiannually, and can be

4. A $1,000 par value bond sells for $1.216. It matures in 20 years, has a 14 percent coupon, pays interest semiannually, and can be called in 5 years at a price of S1,100. What is the bond's YTC? a. 5.63% b. 10.00% c. 5% d. 11.26% e. 10.46%

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