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An 11-year, $1,000 face value bond has an annual coupon rate of 8% and its...

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Finance

  1. An 11-year, $1,000 face value bond has an annual coupon rate of 8% and its yield to maturity is 7.5%. The bond can be called 3 years from now at a price of $1,060. What is the bonds nominal yield to call?

    A.

    8.54%
    B.

    8.41%
    C.

    9.82%
    D.

    8.38%

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