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Finn Corporation has bonds on the market with 12 years to maturity, a par value of $1000, a coupon rate of 8.5% and a current
Finn Corporation has bonds on the market with 12 years to maturity, a par value of $1000, a coupon rate of 8.5% and a current price of $758.69. The bond makes semi annual payments. What is the Yield-to-Maturity on these bonds?
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12.42%
6.21%
5.99%
13.46%
6.73%
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