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5 . ) Calculate the yield to call on a bond with the following characteristics: 2 0 year maturity, 8 % coupon paid semi -

5.) Calculate the yield to call on a bond with the following characteristics: 20 year maturity, 8% coupon paid semi-annually, $1,000 par value, callable in 3 years at a call premium of 8%. Current price of the bond is $1,100(N I PMT PV FV)

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