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It is now January 1, 2021, and you are considering the purchase of an outstanding bond that was issued on January 1, 2019. It

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It is now January 1, 2021, and you are considering the purchase of an outstanding bond that was issued on January 1, 2019. It has an 8% annual coupon and had a 30-year original maturity. (It matures on December 31, 2048.) There is 5 years of call protection (until December 31, 2023), after which time it can be called at 108- that is, at 108% of par, or $1,080. Interest rates have declined since it was issued, and it is now selling at 119.12% of par, or $1,191.20. a. What is the yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. * % What is the yield to call? Do not round intermediate calculations. Round your answer to two decimal places. %

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