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An investor is assessing a 4% semiannual coupon bond due in 10 years and callable in five years at par. The current yield-to-maturity is 3.75%.

An investor is assessing a 4% semiannual coupon bond due in 10 years and callable in five years at par. The current yield-to-maturity is 3.75%. What is the yield-to-call

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