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You own a bond that is selling for $963.45, pays a coupon of 5% semi-annually, and has eight years remaining to maturity. However, the bond
You own a bond that is selling for $963.45, pays a coupon of 5% semi-annually, and has eight years remaining to maturity. However, the bond can be called after three years for a price of $1,050. What is the yield to call on this bond?
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