(Answered) Question new homes has a bond issue with a coupon rate of

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Question: New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 12.5 years and is callable in 8.5 years. The bonds have a par value of $1,000 and a market price of $972. Interest is paid semiannually. What is the yield to call? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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