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A 5 . 2 0 percent coupon bond with 1 7 years left to maturity can be called in five years. The call premium is

A 5.20 percent coupon bond with 17 years left to maturity can be
called in five years. The call premium is one year of coupon
payments. It is offered for sale at $1,080.70. What is the yield to
call of the bond? (Assume interest payments are semiannual.)(Round
your answer to 2 decimal places.)

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