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Aspen Company's non-callable bonds currently sell for $985. They have a 15-year maturity, an annual coupon of $70, and a par value of $1,000. What
Aspen Company's non-callable bonds currently sell for $985. They have a 15-year maturity, an annual coupon of $70, and a par value of $1,000. What is their yield to maturity?
Your answer should be between 6.65 and 8.8-, rounded to 2 decimal places, with no special characters.
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