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Consider a bond with $ 1 0 0 face value, a coupon rate of 6 % , and five years to maturity. Assuming semiannual coupon

Consider a bond with $100 face value, a coupon rate of 6%, and five years to maturity. Assuming semiannual coupon payments and a $104 price. Suppose that another call date for that bond is in three years at a call price of $101. What is the bond's annual yield-to-second-call? (Hint: Show your calculations)

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