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1. Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.8 percent. The bond sells for S951.07 and

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1. Broke Benjamin Co. has a bond outstanding that makes semiannual payments with a coupon rate of 5.8 percent. The bond sells for S951.07 and matures in 10 years. The par value is $1,000. What is the yield to maturity (YTM) of the bond? (10 Points)

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