Question content area top Part 1 A(n) 6.1%, 20-year bond is callable in 12 years at a call price of $1 comma 064. The bond is currently priced in the market at $ 654.82. What is the issue's current yield?
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A callable bond pays annual interest of $60, has a par value of $1,000, matures in 20 years but is callable in 10 years at a price of $1,100, and has a value today of $1,055.84. The yield to call on this bond is __________. A) 6.00% B) 6.58% C) 7.20% D) 8.00%
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