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A Lemmy Co. Bond has a 10 percent coupon and pays interest semi-annually. The face value is $1,000 and the current market price is $1,265.01.

A Lemmy Co. Bond has a 10 percent coupon and pays interest semi-annually. The face value is $1,000 and the current market price is $1,265.01. The bond matures in 14 years. What is the yield to maturity? 3.50% 2.70% 6.97% 7.00% 5.40%

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