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Company B has just issued a callable ( at par ) 6 year, 1 2 % coupon bond with annual coupon payments. The bond can
Company B has just issued a callable at par year, coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It has a price of $ per $ face value. What is the bond's yield to call? Express your answers in strictly numerical terms. For example, if the answer is write
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