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YVR Company has a $1000 par, callable, 11 percent semiannual-pay bond outstanding on the market with 30 years to maturity. The bond has call protection
YVR Company has a $1000 par, callable, 11 percent semiannual-pay bond outstanding on the market with 30 years to maturity. The bond has call protection for the next 4 years, and a call premium of $150. What is the yield to call (YTC) (in percent) for this bond if the current price is 108 percent of par value?
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