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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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