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What is the bond nominal yield to call

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Funny Industries has a bond outstanding with 20 years to maturity, a 5.2% coupon paid semiannually, and a $1,000 par value. The bond has a 4.5% nominal yield to maturity, but it can be called in 5 years at a price of $1,045. What is the bond's nominal yield to call?

Reference no: EM132709808

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