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a company in a line of business similar to Bay Path's recently issued at par noncallable bonds with a coupon rate of 5.8% and a

a company in a line of business similar to Bay Path's recently issued at par noncallable bonds with a coupon rate of 5.8% and a maturity of 20 years. Moody's rated the bonds Aa 1 and Standard & Poor awarded them AA. What rate of return (yield to maturity) did investors require on these bonds if the bonds sold at par value?

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