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A 12-year, $1,000 face value bond pays a 9% annual coupon and has a yield to maturity of 7.5%. The bond can first be called

A 12-year, $1,000 face value bond pays a 9% annual coupon and has a yield to maturity of 7.5%. The bond can first be called four years from now, at a call price of $1,050. What is the bond's yield to call?

6.73%

7.10%

7.50%

11.86%

13.45%

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