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Miami Co. issued an 7% annual coupon bond, which has 20 years left to maturity. The bonds currently sell for $1,222. What is the YTM?

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Miami Co. issued an 7% annual coupon bond, which has 20 years left to maturity. The bonds currently sell for $1,222. What is the YTM? O5.19% 8.00% O None of the answers is correct 7% 6.46%

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