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Mundo Industries, Inc. has a bond issue outstanding with a coupon of 7.0 percent that matures in 10 years. The bond is currently priced at
Mundo Industries, Inc. has a bond issue outstanding with a coupon of 7.0 percent that matures in 10 years. The bond is currently priced at $940 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity?
8.43%
7.88%
8.93%
6.11%
7.14%
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