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Deedon Industries has a bond outstanding with 15 years to maturity, an 8% coupon rate,...

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Deedon Industries has a bond outstanding with 15 years to maturity, an 8% coupon rate, and a $1,000 par value. The bond has a 6.50% yield to maturity, but it can be called in 6 years at a price of $1,150. What is the bond's yield to call? Assume that the bonds make semi-annual coupon payments. a) 7.09% b) 5.54% c) 8.54% % d) 7.75% e) 6.89%

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