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Company D'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 D'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 $875, and mature in 12 years. What is the yield to maturity on these bonds? a. 7.25% O b.5.17% O c. 8.33% d. 6.83% e. 9.21%
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