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7. A twenty-year corporate bond matures on June 1, 2025, has a coupon of 5.25%, and is currently priced at 114.58. The no-call provision expires
7. A twenty-year corporate bond matures on June 1, 2025, has a coupon of 5.25%, and is currently priced at 114.58. The no-call provision expires in 4.5 years, with a 5% call premium. If you settled the trade today, what is the bonds yield-to-call?
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