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1. Spoltax Corporation has sold bonds that are currently trading at 51.185.00, their initial trading price. The bonds have 15 years before they mature, $1.000

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1. Spoltax Corporation has sold bonds that are currently trading at 51.185.00, their initial trading price. The bonds have 15 years before they mature, $1.000 par value and 12% coupons that are paid annually. The yield to maturity should be? (a) 8.95% (b) 9.62% (c) 9.25%% (d) 11.74% (e) 10.19% O a b ed

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