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New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds have a par value of
New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 8.5 years. The bonds have a par value of $1.000 and a market price of $1,022. Interest is paid semiannually. What is the yield to maturity? Select one: O A. 6.36 percent O B. 5.74 percent O C. 5.18 percent O D. 6.42 percent O E. 5.61 percent
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