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( 4 points ) A callable bond has a maturity of 1 2 years, can be called in 4 years, has a call price of

(4 points) A callable bond has a maturity of 12 years, can be called in 4 years, has a call price of $1,080, a par value of $1,000, and a coupon rate of 8%. If the price today is $980, what is the yield to call for this bond?
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