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7-9) An 8%, 10-year bond has a par value of $1,000 and a call price of $1.030. It is callable in 5 years. The bond

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7-9) An 8%, 10-year bond has a par value of $1,000 and a call price of $1.030. It is callable in 5 years. The bond is currently selling for $1.100. Calculate the current yield, yield-to-maturity, and yield-to-call of this bond. (3 points Hint: Be watchful for negative numbers.)

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