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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 vield to maturity? 561 percent 574 ent 5.18 percent 442 percent 636 percent
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