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A $1,000 par value bond has an 8% coupon rate (paid semiannually ). It has 10 years remaining to maturity. The bonds current price $1,148.77.
A $1,000 par value bond has an 8% coupon rate (paid semiannually). It has 10 years remaining to maturity. The bonds current price $1,148.77. What should be the YTC of this bond if the bond is called back 5 years from now with a call price of $1047.20?
Group of answer choices
3%
2.7%
5.4%
6%
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