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A 6.50 percent coupon bond with 15 years left to maturity is offered for sale at $950. Assume par value is $1,000 and interest payments

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A 6.50 percent coupon bond with 15 years left to maturity is offered for sale at $950. Assume par value is $1,000 and interest payments are semiannual. What yield to maturity is the bond offering? Round your final answer to two decimal places 6.50% None of the answers provided is correct O 7.05% 3.52%

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