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You bought a callable bond 3 years ago at its face value of $1000. The bond has a 5-year maturity, a 12% annual coupon, and
You bought a callable bond 3 years ago at its face value of $1000. The bond has a 5-year maturity, a 12% annual coupon, and a $1110 call price. Suppose the bond is called immediately after you have received 3 coupon payments. What is the bonds yield to call? Bond's yield to call (in %, round to two decimal places) =
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