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The Bank of Zambia using the Open Market Operations issues out government bond that matures in 1 0 years. The bond s face value is
The Bank of Zambia using the Open Market Operations issues out government bond
that matures in years. The bonds face value is K and pays an annual per
cent coupon interest rate. The current price of the bond is KThe bond begins to
be callable in years at a call price of K Calculate the yield to call
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