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Jay Aquire is considering the purchase of the following: a Builtrite, $ 1 0 0 0 par, 6 3 / 8 % coupon rate, 1

Jay Aquire is considering the purchase of the following: a Builtrite, $1000 par, 63/8% coupon rate, 15 year maturity bond which is currently selling for $1040: If Jay purchases the bond, what would his approximate yield-to-maturity be?es 6.21%06.45%O 5.72%5.96%
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