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jay aquire is considering the purchase of the following: a builtrite 1000 par, 6 1/8% coupon rate, 15 year maturity bond which is currently selling
jay aquire is considering the purchase of the following: a builtrite 1000 par, 6 1/8% coupon rate, 15 year maturity bond which is currently selling at 1020. if jay purchases this bond for what would his approximate yield to maturity be?
a. 5.96%
b. 5.72%
c. 6.45%
d. 6.21%
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