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If you purchase a $1000 par value bond for $1048 that has a 5 1/8% coupon rate and 16 years until maturity, what will be
If you purchase a
$1000
par value bond for
$1048
that has a 5 1/8% coupon rate and 16 years until maturity, what will be your AYTM?\
4.5%
\
4.7%
\
4.9%
\
5.3%
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