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Bond Yields and Rates of return A 10-year, 12% semiannual coupon bond with a par value of $1,000 may be called in 4 years at

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Bond Yields and Rates of return A 10-year, 12% semiannual coupon bond with a par value of $1,000 may be called in 4 years at a call price of $1, 060. The bond sells for $1, 100. (Assume that the bond has just been issued.) a. What is the bond's yield to maturity

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