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GHI Co s 1 2 - year bonds currently sell for $ 1 , 2 2 4 and have a par value of $ 1
GHI Cos year bonds currently sell for $ and have a par value of $ The coupon rate is and interest payments are made semiannually. The bonds can be called years after issue at a premium of over par value. What is their yield to call YTC years after the initial issue?
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