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7. A corporate bond has a 15-year maturity and pays interest semiannually. The quoted coupon rate is 6%, and the bond is selling at $950.

A corporate bond has a 15-year maturity and pays interest semiannually. The quoted coupon rate is 6%, and the bond is selling at $950. What is the bond's yield to call if the bond is called back in 10 year at 105% of face value?

A. 7.06%

B. 7%

C. 6.53%

D. 3%

E. 6.7%

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