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A callable bond pays annual interest of $30, has a par value of $1,000, matures in 20 years but is callable in 5 years at

image text in transcribed A callable bond pays annual interest of $30, has a par value of $1,000, matures in 20 years but is callable in 5 years at a price of $1,200, and has a value today of $1,060. What is the yield to call on this bond? 3.3% 5.2% 2.6% 1.7%

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