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An organization's bonds currently sell for 1,400 and have a face value of 1,000. They mature in 14 years and have a 15 % annual
An organization's bonds currently sell for 1,400 and have a face value of 1,000. They mature in 14 years and have a 15 % annual coupon rate. The bonds can be called in 9 years for 1,150. The bonds yield to is equal to what percent?
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