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Regal Health Plans issued a 12% annual coupon bond a few years ago. The bond now sells for $1,100. The bond has a call provision

Regal Health Plans issued a 12% annual coupon bond a few years ago. The bond now sells for $1,100. The bond has a call provision that allows Regal to call the bond in four years at a call price of $1060. The par value of the bond is $1000.

A. What is the bond's yield to maturity? Assume the bond is held to maturity 10 years from now.

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