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Suppose that a bond of the XYZ company that sells today for $989 has a 6% annual coupon paid semiannually and has 25 years to
Suppose that a bond of the XYZ company that sells today for $989 has a 6% annual coupon paid semiannually and has 25 years to maturity. The bond is callable in 5 years at $1,075. What is the yield to call on the bond?
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