What is the yield to call
Course:- Business Economics
Reference No.:- EM132281439

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Haston, Inc. has bonds outstanding with 5 years to maturity and a par value of $1,000. The coupon rate is 10% paid semiannually, and the bonds currently sell for $1,070. The bonds are callable in 2 years with a 5% call premium. What is the yield to call?

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