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Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 4 1/4% coupon rate, 15 year maturity that is currently selling for

Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 4 1/4% coupon rate, 15 year maturity that is currently selling for $1030. If Barry purchases this bond, what would his approximate yield to maturity be? image text in transcribed

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Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 41/4% coupon rate, 15 year maturity that is currently selling for $1030. If Barry purchases this bond, what would his approximate yield to maturity be? 4.36% 4.21% 4.08% 3.97%

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