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3. Jackson Corporation issued 20-year $20 million of face value bonds that have a coupon rate of 5% paid annually. The bonds were issued at

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3. Jackson Corporation issued 20-year $20 million of face value bonds that have a coupon rate of 5% paid annually. The bonds were issued at 97.5. Given this information, calculate the yield to maturity. (5 Points) 5.50% 5.40% 5.30% 5.20% 5.10%

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