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Hattie Turner purchased Modius Inc.'s 15-year, 4 3/4% bonds 5 years ago. She is considering selling them and noted the current price of the bonds
Hattie Turner purchased Modius Inc.'s 15-year, 4 3/4% bonds 5 years ago. She is considering selling them and noted the current price of the bonds is $96.80 per $100. At this price, the yield to maturity is closest to:
5.1637%. | ||
5.0569%. | ||
5.4906%. |
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