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Suppose that a 11% semi-annual coupon bond with a time to maturity of 11 years and a par value of $100 has a price of

Suppose that a 11% semi-annual coupon bond with a time to maturity of 11 years and a par value of $100 has a price of $106.9. This bond is first callable in 6 years at a redemption price of $106.0. What is the yield to maturity for this bond? What is the yield to first call for this bond? You will need to use Excel for this problem.

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