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MERPATI bond which has 12% coupon rate is expected to mature in 20 years. It is callable and is currently selling at $1,050. Based on

MERPATI bond which has 12% coupon rate is expected to mature in 20 years. It is callable and is currently selling at $1,050. Based on this information:

(A) Calculate its current yield.

(B) Predict its yield to maturity using semi-annual compounding.

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