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Downeast Supply issued bonds that make an annual coupon interest payment of 7.0%. The bonds have a par value of $1,000, a current price of

Downeast Supply issued bonds that make an annual coupon interest payment of 7.0%. The bonds have a par value of $1,000, a current price of $1,105, and mature in 10 years. What is the yield to maturity on these bonds? 4.35% 6.50% 5.60% 7.00% Error 5

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