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A firms bond has a maturity of 8 years with a $1,000 face value, has an 11% annual coupon and currently sells at a price

A firms bond has a maturity of 8 years with a $1,000 face value, has an 11% annual coupon and currently sells at a price of $1,283.09. If the bond can be called in the next five years for a call price of $1075, calculate its yield to call

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