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A 7-year, 11.00% semiannual coupon bond with a par value of $1000 may be called in...

A 7-year, 11.00% semiannual coupon bond with a par value of $1000 may be called in 5 years at a call price of $1,255.00. The bond sells for $950.50. (Assume that the bond has just been issued.). What is it’s yield to maturity?

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