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A company issues a 20-year, callable bond at par with an 7% annual coupon payments The bond can be called at par in three years

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A company issues a 20-year, callable bond at par with an 7% annual coupon payments The bond can be called at par in three years or any time after that on a coupon payment date. The call price is $108 per $100 of face value. What is the yield to call? OA. 4% O B.9% OC. 6% OD. 129

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