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4. S.S. Corporations bonds will mature in 15 years. The bonds have a face value of $1,000 and an 6.5 percent coupon rate, paid semiannually.

4. S.S. Corporations bonds will mature in 15 years. The bonds have a face value of $1,000 and

an 6.5 percent coupon rate, paid semiannually. The price of the bonds is $1,050. What is the yield to maturity?

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