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Alphabet Inc. is issuing bonds with a face value of $1,500, a coupon rate of 3.75%, and 10 years remaining until maturity. Determine the yield

Alphabet Inc. is issuing bonds with a face value of $1,500, a coupon rate of 3.75%, and 10 years remaining until maturity. Determine the yield to maturity for these bonds, considering the following:

  • Current market price of the bond is $1,200.
  • Interest payments are made annually.
  • There are no call provisions on the bond.

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