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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 3.9%. 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 3.9%. The bond's current price is $1,005.58. It is callable at a call price of $1,050 in one year. What is the bond's yield to call?
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