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3. Company C's bond has an 6% coupon rate (semi-annual interest), a maturity value of $1,000, matures in 5 years, and a current price of

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3. Company C's bond has an 6% coupon rate (semi-annual interest), a maturity value of $1,000, matures in 5 years, and a current price of $9,75. What is the bond's yield-to-maturity

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