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Muzi has a bond outstanding with 1 2 years to maturity, an 8 % coupon paid quarterly, and a $ 1 , 0 0 0

Muzi has a bond outstanding with 12 years to maturity, an 8% coupon paid quarterly, and a $1,000 par value. The bond has a 7% nominal yield to maturity, but it can be called in 3 years at a price of $1,045. What are (1) the bond's quarterly nominal yield to call, (2) annual nominal yield to call and (3) the bond's annual effective yield to call?

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