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MNO Co. issues zero coupon bonds on the market at a price of $318 per bond. Each bond has a face value of $1,000 payable

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MNO Co. issues zero coupon bonds on the market at a price of $318 per bond. Each bond has a face value of $1,000 payable at maturity in 19 years. The bonds are callable in 8 years at $501. What is the yield to call for these bonds (in percent)? Answer to two decimals

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