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A 5.90 percent coupon bond with 18 years left to maturity can be called in...

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Finance

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A 5.90 percent coupon bond with 18 years left to maturity can be called in four years. The call premium is one year of coupon payments. It is offered for sale at $1,105.50. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) Yield to call

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