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You just purchased a 25-year, $1,000 par value bond that pays interest of $40 every six months and has an annual yield to maturity of

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You just purchased a 25-year, $1,000 par value bond that pays interest of $40 every six months and has an annual yield to maturity of 9.70 percent. The firm that issued this bond has the right to call this bond in five years, paying a call premium of $80. Given this information, determine the yield to call for this bond. @ 13.18% 13.34% 13.50% 13.65% 13.81%

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