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A 30-year maturity, 7% coupon bond paying coupons semiannually is callable in five years at a call price of $1,100. The bond currently sells at

A 30-year maturity, 7% coupon bond paying coupons semiannually is callable in five years at a call price of $1,100. The bond currently sells at a yield to maturity of 6% (3% per half-year).

Required:

a. What is the yield to call annually?

b. What is the yield to call annually if the call price is only $1,050?

c. What is the yield to call annually if the call price is $1,100 but the bond can be called in two years instead of five years?

Round your answer to 3 decimal places.

Please solve this using a financial calculator. Thank you!

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