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Find the yield to call for a 8% coupon, $1,000 par 15 year bond selling at $1115.45 if the bond is callable in 9 years
Find the yield to call for a 8% coupon, $1,000 par 15 year bond selling at $1115.45 if the bond is callable in 9 years at a call price of $1,080. The bond makes semiannual coupon payments.
a 5.92%
b 6.91%
c 6.17%
d 5.77%
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