Bob owns an 8% coupon bond with 13 years to maturity, which is currently selling...
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Finance
Bob owns an 8% coupon bond with 13 years to maturity, which is currently selling for $955. The bond is callable in five years at a 2% premium. What is the yield to call on Bob's bond?
A) 9.47%
B) 8.15%
C) 8.42%
D) 9.68%
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