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IBM has an outstanding bond with an annual coupon of 7.3% and a face value of $1,000 that matures in 20 years. The bond's current

IBM has an outstanding bond with an annual coupon of 7.3% and a face value of $1,000 that matures in 20 years. The bond's current price is $1,517.09. It is callable at a call price of $1,050 with 10 years of call protection from now.

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What is the yield to call?

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