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Q13 You can buy a bond with a $1,000 face value and 8% coupon for $900, and the bond pays interest twice a year and
Q13
You can buy a bond with a $1,000 face value and 8% coupon for $900, and the bond pays interest twice a year and is callable in 5 years at 103% of face value. What is the annual yield-to-call?
a. 9.13%
b. 10.63%
c. 11.13%
d. 12.13%
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