What the bond yield-to-first call is closest to

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Problem 1: A bond with 8 years remaining until maturity is currently trading for 102 per 100 of par value. The bond offers an 6% coupon rate with interest paid semiannually. The bond is first callable in 4 years with a call price of 102 and is callable in 5 years with a call price of 101. The bond's yield-to-first call is closest to

Reference no: EM132999977

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