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What is the bond yield to call-keenan industries

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Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% coupon rate with semiannual coupon payments, and a $1,000 par value. The bond offers a 6.50% yield to maturity, but it can be called in 6 years at a price of $1,120. What is the bond's yield to call?

Reference no: EM132666954

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