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Company Y's bonds have years remaining to maturity, a coupon rate of 8.40% with semiannual payments, and a par value of $1,000 . The current

Company Y's bonds have years remaining to maturity, a coupon rate of 8.40\% with semiannual payments, and a par value of \$1,000 . The current price of the is \$1240 . The bond issue can be callable in 5 years at a call price of \$1,084 . What is the bond's nominal annual yield to call (YTC)?

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