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A 30-year U.S. 8% coupon bond with 25 years left to maturity is callable in 16 years. The call premium is 9%; if the bond

A 30-year U.S. 8% coupon bond with 25 years left to maturity is callable in 16 years. The call premium is 9%; if the bond is selling today for $980, what is the yield to call?

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