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Question: Arco Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 7.10% yield to maturity, but it can be called in 6 years at a price of $1, 045. What is the bond's yield to call? Your answer should be between 4.08 and 10.64. rounded to 2 decimal places, with no special characters.

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