ABC Inc. recently issued $1,000 par bonds at a 3.55% coupon rate. The bonds have 12 years
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ABC Inc. recently issued $1,000 par bonds at a 3.55% coupon rate. The bonds have 12 years to maturity and the current price is $850. If the call price is $1,200 and the bond can be called in 5 years, what is the yield to call? Assume semi-annual compounding.
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