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Jackson Corporation issued 20-year $20 million of face value bonds that have a coupon rate of 5% paid annually. The bonds were issued at 975.

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Jackson Corporation issued 20-year $20 million of face value bonds that have a coupon rate of 5% paid annually. The bonds were issued at 975. Given this information, calculate the yield to maturity. o 5.50% o 5.40% 5.30% 520% o 5.10%

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