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Pharma Inc.'s bonds currently sell for $1,130 and have a par value of $1,000. They have an annual coupon rate of 8% payable semiannually and

Pharma Inc.'s bonds currently sell for $1,130 and have a par value of $1,000. They have an annual coupon rate of 8% payable semiannually and an 11-year maturity, but they can be called in 4 years at $1,030. What is their nominal yield to call (YTC)?

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