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What is the yield to call of a 20-year to maturity bond that pays a coupon rate of 12.35 percent per year, has a $1000
What is the yield to call of a 20-year to maturity bond that pays a coupon rate of 12.35 percent per year, has a $1000 par value. and is currently priced at $943? The bond can be called back in 3 years at a call price $1,055. Assume annual coupon payments.
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