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Posted on Sep 10, 2024

A 2 0 - year maturity, ( 8 % ) coupon bond paying coupons semiannually is callable in five years at a

20 -

year maturity,

\ (8 \ % \)

coupon bond paying coupons semiannually is callable in five years at a call price of

\ (\

1, 100 \) .

The bond currently sells at a yleid to maturity of

\ (7.5 \ % \) .

What is the yleid to call?

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