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Illustration 4 . 1 6 An investor purchases a Rs . 1 0 0 0 par value bond carrying coupon rate of 6 . 5

Illustration 4.16 An investor purchases a Rs.1000 par value bond carrying coupon rate of 6.5% p.a. at Rs.750. The bond will mature after 5 years from now at par. If the bond is callable after 3 years at Rs.1100, find approximate Yield to call.
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