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34 A Penguin Inc. bond has a face value of $1,000 and a current market price of $1,020.50. The bond matures in 5 years and

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34 A Penguin Inc. bond has a face value of $1,000 and a current market price of $1,020.50. The bond matures in 5 years and has a 3 percent coupon paid annually. What is the yield to maturity on this bond? 4.00 percent 3.55 percent 3.00 percent 2.56 percent B C D Points: 1

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