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Suppose GM has an 8% coupon rate, 30-year maturity, callable coupon bond currently selling for 115.0 and is callable 10 years from now at a

Suppose GM has an 8% coupon rate, 30-year maturity, callable coupon bond currently selling for 115.0 and is callable 10 years from now at a call price of 110.0. What is the yield to call (YTC) for the bond? (Round to two decimal places)

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