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Charlie Corp. (CC) has outstanding 10-year, $1,000 face value bonds with a 6% coupon rate (semi-annual payments). The bonds are callable in five years (from

Charlie Corp. (CC) has outstanding 10-year, $1,000 face value bonds with a 6% coupon rate (semi-annual payments). The bonds are callable in five years (from original maturity) and thereafter at par value (on a coupon date). The bonds were issued two years ago and currently sell for $1,050. What is the yield to worst?

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