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Consider a 30-year U.S. corporate bond paying 3.5 percent coupon. The bond has 17 years left to maturity and is currently priced at $980. The
Consider a 30-year U.S. corporate bond paying 3.5 percent coupon. The bond has 17 years left to maturity and is currently priced at $980. The bond is callable in 8 years at a 6 percent call premium. What is the bonds yield to call? SHOW WORK, NO EXCEL
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