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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 $922. Interest is paid semiannually. What is the yield to maturity? Group of answer choices 5.61 percent 5.18 percent 6.72 percent 6.36 percent 5.74 percent
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