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A $1000, 10 year, 8% annual bond has a call provision allowing the issuer to retire the debt after 4 years at a price of

A $1000, 10 year, 8% annual bond has a call provision allowing the issuer to retire the debt after 4 years at a price of $1100. The bond is one year into its term and has 9 years remaining until maturity. The current price of the bond is $1150. What is the yield to call?

5.81%

4.31%

4.97%

5.59%

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