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A company issues a callable (at par) 20-year, 5% coupon bond with annual coupon payments. The bond can be called at par in one year

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A company issues a callable (at par) 20-year, 5% coupon bond with annual coupon payments. The bond can be called at par in one year afier release or any lime after that on a coupon payment date. On release, it has a price of $104 per $100 of face value. What is the yleid to worst of this bond when it is released? A. 1.35% B. 0.00% c. 0.77% D. 1.54%

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