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A bond has a $1,000 par value, nine years to maturity, and pays a coupon of 5.25% per year, semiannually. The bond is callable in

A bond has a $1,000 par value, nine years to maturity, and pays a coupon of 5.25% per year, semiannually. The bond is callable in three years at 115% of its par value. If the bonds yield to maturity is 5.32% per year, what is its yield to call?

A. 9.08

B. 9.24

C. 9.86

D. 9.62

E. 8.96

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