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Some 8 . 0 percent semiannual coupon bonds are selling for 1 1 5 . The bonds have a face value of $ 1 ,

Some 8.0 percent semiannual coupon bonds are selling for 115. The bonds have a face value of $1,000 andmature in 10 years with call protection for the next 5 years. If the call price is $1,040, then what is the Yield-to-Call?

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