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Assume Microsft Team is selling a 10 percent coupon bond with 15 years to maturity, and it could be called in two years. If Microsoft

Assume Microsft Team is selling a 10 percent coupon bond with 15 years to maturity, and it could be called in two years. If Microsoft Teams calls the bond early, investors will earn 4 percent. The call premium is one year of coupon payments. If coupon payments one time per year and face value is $1,000, what is the bond's yield to maturity?

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