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Posted on Aug 08, 2024

ABC's bonds currently sell for $ 1 , 2 0 0 and have a par value of $ 1 , 0 0 0 with a

ABC's bonds currently sell for $

1, 200

and have a par value of $

1, 000

with a coupon rate of

10 %,

paid

semiannually. They have a

10 -

year maturity, but they can be called in

5

years at $

1, 090 .

What is their

yield to call?

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