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Lucas Corp bonds have 13 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 9%
Lucas Corp bonds have 13 years remaining to maturity. Interest is paid annually, they have a $1,000 par value, the coupon interest rate is 9% and the bond is currently selling for $904. What is the bond's yield to maturity? 10.38% 10.67% Onone of the available choices
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