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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 Multiple Choice 540% o 5.30% 5.40% a 5.50 5.20

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