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Apples bonds trade for 128 per cent, they have a 13.5 per cent annual coupon rate, pay coupons semi-annually, and mature in 15 years. This
Apples bonds trade for 128 per cent, they have a 13.5 per cent annual coupon rate, pay coupons semi-annually, and mature in 15 years. This bond can be called in 5 years at 5 per cent premium. What is Apples bonds yield to call?
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