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Beauty 360 has bonds outstanding that mature in 12 years, have a 6% coupon, and pay interest annually. These bonds have a current market price

Beauty 360 has bonds outstanding that mature in 12 years, have a 6% coupon, and pay interest annually. These bonds have a current market price of 103.0000. What is the yield on the company's bonds?

a. 4.5634%

b. 5.5350%

c. 5.5393%

d. 4.5598%

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