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Fox anticipates that there is a good chance of his bond being called after two years and that the issuer will pay a penalty of
Fox anticipates that there is a good chance of his bond being called after two years and that the issuer will pay a penalty of $50 per $1,000 of the face amount.What is its yield to call? a) 9.71%. b) 12.11%. c) 12.28%. d) 17.25%
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