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You own a $1000 face value Lee Mann Brothers fond with an 8% coupon, The bond matures in 20 years and it is callable in
You own a $1000 face value Lee Mann Brothers fond with an 8% coupon, The bond matures in 20 years and it is callable in 7 years at a redemption price of $1020. The current price of the bond is $980. What is the yield call on the bond?
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