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Finance 330 help final

Question 3

What is the yield to call of a 20 year to maturity bond that pays a coupon rate of 10.28 percent per year, has a $1,000 par value, and is currently priced at $1,344? The bond can be called back in 6 years at a all price $1,093. Assume annual coupon payments.

Round the answer to two decimal places in percentage form. 

You should use Excel or financial calculator. 

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