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Mason purchases a $1000 par value 12-year bond with annual coupons at 5.7% at a price of $1263.52 Find the yield rate on his investment

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Mason purchases a $1000 par value 12-year bond with annual coupons at 5.7% at a price of $1263.52 Find the yield rate on his investment given the present value of the redemption value is $731.66. Possible Answers A 1.24 B 2.48 4.10 D 5.49 E 10.99

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