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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?

Multiple Choice

12.42%

6.21%

5.99%

13.46%

6.73%

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