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A company has a bond outstanding with 20 years to maturity, a coupon rate of 9.50% with SEMIANNUAL payments, and a $1,000 par value. The

A company has a bond outstanding with 20 years to maturity, a coupon rate of 9.50% with SEMIANNUAL payments, and a $1,000 par value. The bond offers a 7.50% nominal yield to maturity, but it can be called in 7 years at a price of $1,050. What is the bond's nominal yield to call?

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