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A callable bond pays annual interest of $ 6 0 , has a par value of $ 1 0 0 0 , matures in 6

A callable bond pays annual interest of $60, has a par value of $1000, matures in 6 years but is callable in 2 years at a price of $1100, and has a value today of $980. 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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