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Man-zeer Inc., (a Kramer/Costanza joint venture) bonds are currently trading at $649.46. The bonds have a face value of $1,000, a coupon rate of 2.5%
Man-zeer Inc., (a Kramer/Costanza joint venture) bonds are currently trading at
$649.46.
The bonds have a face value of
$1,000,
a coupon rate of
2.5%
with coupons paid semiannually, and they mature in
15
years. What is the yield to maturity of the bonds?
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