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Klein Corp. issued a 10-year, $1,000 par value callable bond (callable in five years) that pays an 11% coupon per year with a call premium

Klein Corp. issued a 10-year, $1,000 par value callable bond (callable in five years) that pays an 11% coupon per year with a call premium of 8%. What is the bonds yield to call? Assume annual interest payments.

A. 18.00%

B. 9.14%

C. 12.25%

D. 11.00%

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