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three years ago, Jack's automotive Jack's issued a 20-year callable bond bond with a $1,000 maturity...

three years ago, Jack's automotive Jack's issued a 20-year callable bond bond with a $1,000 maturity value and an 8.5 percent coupon rate of interest. Interest is paid semiannually. The bond is currently selling for $1,046. What is the bond's yield to maturity? If the bond can be called in four years for a redemption price of $1,089, what is the bond's yield to call?

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