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Builtrite bonds have the following: 4 7/8% coupon, 12 years until maturity, $1000 par and are currently selling at $1036. If you purchase this bond,
Builtrite bonds have the following: 4 7/8% coupon, 12 years until maturity, $1000 par and are currently selling at $1036. If you purchase this bond, what would be your AYTM?
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4.24%, 4.47%, 4.75%, 5.05%
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