Question: A 1 0 - year bond has an 8 % annual coupon. The coupon is paid annually and the bond is callable after the 5

A 10-year bond has an 8% annual coupon. The coupon is paid annually and the bond is callable after the 5th year for a call premium of $1,020. If the bond is trading with call yield of 5.6%, what is the bonds yield for the case when it is not called?

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