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You purchased a 7.00% coupon bond when market rates were 5.00%. The bond has a maturity of 10 years but could be called away by
You purchased a 7.00% coupon bond when market rates were 5.00%. The bond has a maturity of 10 years but could be called away by the company at the end of 5 years at 104% of par. You paid $1,155.89 for the bond. What is the yield to first call? Question 14 options:
4.23%
2.12%
3.57%
5.00%
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