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5 Jack Frost Corp. has a bond with a $1,000 face value, semi-annual coupons of $15 each, and a current market price of $936.48. If

5 Jack Frost Corp. has a bond with a $1,000 face value, semi-annual coupons of $15 each, and a current market price of \$936.48. If this bond has eight years to maturity, what is the yield to maturity on this bond? 1.97 percent (B) 2.10 percent 3.93 percent 4.21 percent 5.32 percent

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