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Exxon Mobil Corporation issued callable bonds with a face value of $1,000, a coupon rate of 5%, and 15 years remaining until maturity. The bonds


 Exxon Mobil Corporation issued callable bonds with a face value of $1,000, a coupon rate of 5%, and 15 years remaining until maturity. The bonds are callable in 7 years at a call price of $1,050. Determine the yield to call for these bonds, considering the current market price of $1,025. Outline the key considerations for bondholders in such callable bond scenarios.

                 

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