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Last year Clark Company issued a 10-year, 11% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 4

Last year Clark Company issued a 10-year, 11% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 4 years at a price of $1,050 and it sells for $1,080. What is the nominal yield to maturity? Answer as a percentage with 2 decimals (ex. 10.00%).

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