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Ken Industries has a bond with 15 years to maturity, an 8.25% semiannual coupon rate, a $1,000 par value, and a 6.50% nominal YTM. It

Ken Industries has a bond with 15 years to maturity, an 8.25% semiannual coupon rate, a $1,000 par value, and a 6.50% nominal YTM. It can be called in 5 years at $1,120, so what is the bond's nominal yield to call (YTC)?

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