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Posted on Sep 03, 2024

A Chevron bond that matures in 6 years sells for $ 9 5 0 . The bond has a 5 . 5 % annual coupon.

A Chevron bond that matures in

6

years sells for $

950 .

The bond has a

5.5 %

annual coupon. What is the bond's yield to maturity?

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