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Sealord Fisheries issues zero coupon bonds on the market at a price of $298.51 per bond. Each bond has a face value of $1,000 payable
Sealord Fisheries issues zero coupon bonds on the market at a price of $298.51 per bond. Each bond has a face value of $1,000 payable at maturity in 20 years. The bonds are callable in 5 years at a call price of $500. Using semiannual compounding, what is the percentage yield to call for these bonds?
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