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Dunder-Mifflin issued $1,000 par bonds with 5.5% semi-annual coupons and 15 years to maturity at a price of $925. What was the yield to maturity
Dunder-Mifflin issued $1,000 par bonds with 5.5% semi-annual coupons and 15 years to maturity at a price of $925. What was the yield to maturity when the bonds were issued?
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