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QUESTION 4; Company A has just issued a callable (at par) 10-year, 6% coupon bond...

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Finance

QUESTION 4;

Company A has just issued a callable (at par) 10-year, 6% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime there-after on a coupon payment date. It has a price of $102. What is the bonds yield to call?

NOTE: Answer in percentages. If your answer is 0.0204, you must answer 2.04. Do not use the "%" sign.

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