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A semi-annual paying callable investment-grade corporate bond has 3 years remaining until it becomes callable at...

A semi-annual paying callable investment-grade corporate bond has 3 years remaining until it becomes callable at par, but 7 years until maturity. Its coupon rate is 7.8% and the current price quote is 105.74. The appropriate yield measure is the yield-to-__________ and its value is________________.

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The appropriate yield measure is the yield-to- call and its value is 5.67%

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