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Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 4 3/896 coupon rate, 12 year maturity that is currently selling for
Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 4 3/896 coupon rate, 12 year maturity that is currently selling for $1024. If Barry purchases this bond, what would his approximate yield to maturity be? 0 4,11% 4.50% o 4.9696 o 5.05%
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