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A callable bond is selling at 98% of its par value at this moment. The annual coupon rate is 8% and it is callable in
A callable bond is selling at 98% of its par value at this moment. The annual coupon rate is 8% and it is callable in 20 years from now with a call premium of 3%, what is the yield to call?
(Please round up your answers to two decimals and type your answer without the percentage sign. E.g. if you answer is 15.856%, type 15.86)
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