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Brian May is considering a corporate bond with the following features: matures in 7 years, has a 6.5% coupon interest rate, and is currently priced
Brian May is considering a corporate bond with the following features: matures in 7 years, has a 6.5% coupon interest rate, and is currently priced at $102.50 per $100 in face value. The yield to maturity is closest to:
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