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Problem 7 - 1 9 Spreadsheet Problem: Yield to Call ( LG 7 - 6 ) A 5 . 8 5 percent coupon bond with

Problem 7-19 Spreadsheet Problem: Yield to Call (LG7-6)
A 5.85 percent coupon bond with 14 years left to maturity can be called in nine years. The call premium is one year of coupon payments. It is offered for sale at $1,167.50. What is the yield to call of the bond? (Assume interest payments are semiannual.) Note: Round your answer to 2 decimal places.
Yield to call
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