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3. The Christoffersen Scrimshaw Manufactory has bonds that currently sell for $525. They have a 35-year maturity, a semi-annual coupon of $90, and a par

3. The Christoffersen Scrimshaw Manufactory has bonds that currently sell for $525. They have a 35-year maturity, a semi-annual coupon of $90, and a par value of $1,000. What is their yield to maturity?

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