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A bond has a $1,000 par value, 12 years to maturity, and pays a coupon of 5.5% per year, quarterly. The bond can be called
A bond has a $1,000 par value, 12 years to maturity, and pays a coupon of 5.5% per year, quarterly. The bond can be called in seven years at 108% of its par value. If the bonds price is $956.54, what is its yield to call?
In percentage
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