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A 5% bond has a coupon rate (or nominal yield, NY) and a yield to call (YTC) of 7%. If the bond trades at 90,
- A 5% bond has a coupon rate (or nominal yield, NY) and a yield to call (YTC) of 7%. If the bond trades at 90, how much annual interest will the investor receive if they own 10 of these bonds?
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