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A corporate bond pays interest annually and has 3 years to maturity, a face value of $1,000 and a coupon rate of 3.6%. The bond's

A corporate bond pays interest annually and has 3 years to maturity, a face value of $1,000 and a coupon rate of 3.6%. The bond's current price is $1,000. It is callable at a call price of $1,050 in one year. Attempt 1/1

Part 1 What is the bond's yield to maturity?

4+ decimals

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