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4- A 6-year maturity, 5% coupon bond paying coupons semiannually is callable in five years at a call price of $1,100. The bond currently sells

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4- A 6-year maturity, 5% coupon bond paying coupons semiannually is callable in five years at a call price of $1,100. The bond currently sells at a yield to maturity of 7%. What is the yield to call? Hint: calculate the current price of the bond, and use the approximation for yield to call

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