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6 Chang, Incorporated, issued bonds with an annual coupon rate of 5 percent. Coupons are paid semiannually. The bonds mature in 12 years and have

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6 Chang, Incorporated, issued bonds with an annual coupon rate of 5 percent. Coupons are paid semiannually. The bonds mature in 12 years and have a $1,000 face value. The bonds are currently selling at par. What is the yield to maturity? 5 points Multiple Choice Skipped 4.17% 2.97% O 2.50% O 5.00% O 3.97%

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