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The bond has a 650 nominal yield to maturity but it can be

Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid semiannually, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,195. What is the bond's nominal yield to call?

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Finance Basics: The bond has a 650 nominal yield to maturity but it can be

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