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Choco Inc. has a 6% APR coupon bond that matures in 13 years. The bond pays interest semiannually. If the price is $600, the YTM

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Choco Inc. has a 6% APR coupon bond that matures in 13 years. The bond pays interest semiannually. If the price is $600, the YTM (annualized) is closest to what value? a. $6.5% b. $12% c. $7.0% d. $13% e. $6.0%

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