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Family Inc., would like to issue 10,000 coupon bonds with face value of $1,000, coupon rate of 9% semiannual coupon payment, and maturity of 10

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Family Inc., would like to issue 10,000 coupon bonds with face value of $1,000, coupon rate of 9% semiannual coupon payment, and maturity of 10 years. Bonds in the market with similar maturity and risk level are currently selling for $985. What will be the yield to maturity on Maroon Two bonds? Muniple choice 9001

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