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A 12% coupon bond, semiannual payments, is callable in 5 years. The call price is $1,120. If the bond is selling today for $1,110, what

A 12% coupon bond, semiannual payments, is callable in 5 years. The call price is $1,120. If the bond is selling today for $1,110, what is the yield to call? 1) 12.03% 2) 10.86% 3) 10.95% 4) 9.14% 5) None of the above.

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