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A corporations bonds have 25 years to maturity, an 8.75% coupon paid semiannually and a $1,000 par value. The bond has a 6.50% nominal yield
A corporations bonds have 25 years to maturity, an 8.75% coupon paid semiannually and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called inn6 years at a price of $1,250. What is the bonds nominal yield to call
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