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A 5.25 percent coupon bond with 14 years left to maturity can be calied in four years. The call premhum is one year of coupan

A 5.25 percent coupon bond with 14 years left to maturity can be calied in four years. The call premhum is one year of coupan payments, It is offered for sale at $1,075,50. What is the yield to coll of the bond? (Assume interest peyments ore semiannual) Note: Do not round intermediate calculations. Round your answer to 2 decimal places

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