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Company B's bonds make an annual coupon interest payment of 7.45% every year. The bonds have a par value of $1,000, a current price of
Company B's bonds make an annual coupon interest payment of 7.45% every year. The bonds have a par value of $1,000, a current price of $935, and mature in 12 years. What is the yield to maturity on these bonds? a. 6.83% b. 8.10%
c. 7.25%
d. 6.83%
e. 8.33%
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