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A callable bond pays annual interest of $40, has a par value of $1000, matures in 4 years but is callable in 3 years at

A callable bond pays annual interest of $40, has a par value of $1000, matures in 4 years but is callable in 3 years at a price of $1100, and has a value today of $1020. The yield to call on this bond is _________. Note: Express your answers in strictly numerical terms. For example, if the answer is 5%, write 0.05

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