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Five years ago, the Sooner Corporation issued a 10% coupon (paid semi-annually), 20-year maturity bond with a 10 year deferred call feature and a call
Five years ago, the Sooner Corporation issued a 10% coupon (paid semi-annually), 20-year maturity bond with a 10 year deferred call feature and a call penalty of annual coupon payment in addition to the par value ($1000) if exercised. If the current market interest rate is 6%, what is its yield to call?
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