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A 10-year, 7% semiannual coupon bond, with a par value of $1,000 is 1 year old, and may be called in another 3 years at
A 10-year, 7% semiannual coupon bond, with a par value of $1,000 is 1 year old, and may be called in another 3 years at a call price of $1,045. Assume you purchase this bond today for $1.080. What is the nominal yield to call?
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