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Martell Industries has a bond outstanding with a 2 0 - year maturity, a 1 2 % annual coupon rate, and a $ 1 ,
Martell Industries has a bond outstanding with a year maturity, a annual coupon rate, and a $ par value. The bond has an yield to maturity, but it can be called in years at a price of $ What is the bond's yield to call? Hint: Be sure to carry out your calculation to decimal places if calculating this answer as a decimal or to decimal places if calculating this answer as a percentage.
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