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Suppose a U.S. corporate bond paying 5.25-percent coupon and with 20 years left to maturity is currently priced at $925. The bond is callable in
Suppose a U.S. corporate bond paying 5.25-percent coupon and with 20 years left to maturity is currently priced at $925. The bond is callable in 14 years at a 6-percent call premium. If the bond issuing company calls the bond after 14 years, find the bond's yield. Express your answers as a percentage. Make sure to round your answers to the nearest 100th percentage point.
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