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Question 1 4 5 pts A bond has a par value of $ 1 0 0 0 , a coupon rate of 5 . 8

Question 14
5 pts
A bond has a par value of $1000, a coupon rate of 5.8% and annual payments. The Price is $968 and it matures in 8 years. The bond is callable in 5 years at a price of $1050.
What is the YTC of this bond? (two decimal places)
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