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LIMITED TIME THANK YOU Jay Aquire is considering the purchase of a Buikrite, $1000 par, 61/2% coupon rate, 5 year maturity bond which is selling

LIMITED TIME THANK YOU

Jay Aquire is considering the purchase of a Buikrite, $1000 par, 61/2% coupon rate, 5 year maturity bond which is selling for $975. If Jay purchases the bond, what would his approximate yeld to maturity be? 7.228% 6.928 7.12% 7.025

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