A1000 par value bond sells for 1216 it matures in 20

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A $1,000 par value bond sells for $1,216. It matures in 20 years, has a 14% coupon, pays interest semiannually, and can be called in 5 years at a price of $1,100. What is the bond's YTM?

Reference no: EM13570960

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