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New Markets has $ 1 , 0 0 0 face value bonds outstanding that pay interest semiannually, mature in 2 0 years, and have a

New Markets has $1,000 face value bonds outstanding that pay interest semiannually, mature in 20 years, and have a 5.8 percent coupon. The current price is quoted at 103.25. What is the yield to maturity?Multiple Choice 5.38 percent 5.53 percent 11.19 percent 11.05 percent 5.27 percent

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