What is the yield to call of a 30-year to maturity bond

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What is the yield to call of a 30-year to maturity bond that pays a coupon rate of 14.77 percent per year, has a $1,000 par value, and is currently priced at $1,271? The bond can be called back in 8 years at a call price $1,081. Assume annual coupon payments.

Reference no: EM132796030

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