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A Callable Bond Pays Annual Interest Of $5 Has A Par Value Of $100 Matures In 10 Years But Is Callable In 5

Question

A callable bond pays annual interest of $5, has a par value of $100, matures in 10 years but is callable in 5

years at a price of $110, and has a value today of $106. Calculate the yield to call.

Group of answer choices

5.18%

5.27%

5.39%

5.58%

Finance