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A 6.45% coupon bond with 15 years left to maturity can be called in 9 years; The call premium is 1 year of coupon payments;
"A 6.45% coupon bond with 15 years left to maturity can be called in 9 years; The call premium is 1 year of coupon payments; The bond is currently offered for sale at $1,091.57 (Assume interest payments are semiannual) - What is the bond's yield to maturity?"
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