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Footsteps Company has a bond outstanding with a coupon rate of 6.4 peccent and annual payments. The bond currently selis for 5964.4 matures in 22

Footsteps Company has a bond outstanding with a coupon rate of 6.4 peccent and annual payments. The bond currently selis for 5964.4 matures in 22 years, and has a par valve of 51.000 . What is the rTM of the bond? Mulpie creice 6.405 67 560x 6045

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