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Corrigan Corp.'s bonds currently sell for $1,340.50 and have a $1,000 par value. They have a 6.75% annual coupon rate and a 20-year maturity. What
Corrigan Corp.'s bonds currently sell for $1,340.50 and have a $1,000 par value. They have a 6.75% annual coupon rate and a 20-year maturity. What is the bonds yield to maturity?
a. 3.75% b. 4.00% c. 4.20% d. 4.50% e. 5.20%
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