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

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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