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Keith, Inc. has a $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in five years, and have a 5 percent coupon. The

Keith, Inc. has a $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in five years, and have a 5 percent coupon. The current price is 101. What is the yield to maturity?

2.39 percent

5.00 percent

5.12 percent

4.78 percent

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