What is their yield to maturity

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Reference no: EM131989269

Sommers Co.'s bonds currently sell for dollar1.080 and have a par value of dollar1.000.

They pay a dollar100 annual common and have a 15-year maturity, but they can be called in 5 years at dollar1.125.

What is their yield to maturity?

Reference no: EM131989269

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