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Motors has bonds outstanding which will mature in 12 years.The bonds pay a 12 percent semiannual coupon and have a face value of $1,000 (i.e.,

Motors has bonds outstanding which will mature in 12 years.The bonds pay a 12 percent semiannual coupon and have a face value of $1,000 (i.e., the bonds pay a $60 coupon every six months).The bonds currently have a yield to maturity of 10 percent.The bonds are callable in 8 years and have a call price of $1,050.What are the bonds' yield to call?

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