Question: A bond is currently selling for $1,000 at par value. The coupon rate and yield to maturity on the bonds is 8 percent (with annual

A bond is currently selling for $1,000 at par value. The coupon rate and yield to maturity on the bonds is 8 percent (with annual payments) and the bonds will mature in 10 years. The bonds can be called at a call premium of 5 percent above face value after 3 years. What is the bond's yield to call for an investor? 9.52% 5.52% 5.90% 6.60% 7.07%

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