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  3. a callable bond pays annual interest of $55, has a

A callable bond pays annual interest of $55, has a par value of $1,000, matures...

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Accounting

A callable bond pays annual interest of $55, has a par value of $1,000, matures in 20 years but is callable in 10 years at a price of $1,055, and has a value today of $951.73. The yield-to-call on this bond is _________.

5.50%

6.58%

7.27%

7.76%

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