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Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 3 5/8% coupon rate, 15 year maturity that is currently selling for

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Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 3 5/8\% coupon rate, 15 year maturity that is currently selling for $1030. If Barry purchases this bond, what would his approximate yield to maturity be? 4.14% 3.75% 3.36% 3.04%

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