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A corporate bond matures in 20 years. The bond has a 8 percent coupon and pays interest every six months. The bonds par value is
A corporate bond matures in 20 years. The bond has a 8 percent coupon and pays interest every six months. The bonds par value is $1,000. The bond is callable in 5 years at a call price of $1,040. The price of the bond today is $1018. What is the bonds yield to call?
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