Assume annual coupon payments

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What is the yield to call of a 20-year to maturity bond that pays a coupon rate of 11.13 percent per year, has a $1,000 par value, and is currently priced at $1,143? The bond can be called back in 5 years at a call price $1,083. Assume annual coupon payments.

Round the answer to two decimal places in percentage form.

Reference no: EM132545900

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