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Blue Sky Townhomes has 8% bonds outstanding that mature in 13 years. The bonds pay coupons semiannually. These bonds have a par value of $1,000

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Blue Sky Townhomes has 8% bonds outstanding that mature in 13 years. The bonds pay coupons semiannually. These bonds have a par value of $1,000 and are callable in 2 years at a premium of $75. What is the yield to call if the current price is equal to 103.25% of par

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