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4) A company issues a callable (at par) ten-year, 6% coupon bond with semi-annual coupon payments. The bond can be called at par in two

4) A company issues a callable (at par) ten-year, 6% coupon bond with semi-annual coupon payments. The bond can be called at par in two year after release. On release, it has a price of $104 per $100 of face value. What is the yield to worst of this bond when it is released?

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