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A callable bond pays annual interest of $65, has a par value of $1,000, matures in 20 years but is callable in 10 years at
A callable bond pays annual interest of $65, has a par value of $1,000, matures in 20 years but is callable in 10 years at a price of $1,100, and has a value today of $1055.84. The yield to call on this bond is
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