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A corporate bond matures in 14 years. The bond has an 8 percent annual coupon rate with semiannual coupon payment and $1,000 par. The bond

A corporate bond matures in 14 years. The bond has an 8 percent annual coupon rate with semiannual coupon payment and $1,000 par. The bond is callable in five years from now at a call price $1,050. The price of the bond today is $1,705. What are the bond's annual yield to maturity and annual yield to call?

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