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New York City is issuing two bonds for the funding of public schools. The bonds will be offered at 5 of their par value and

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New York City is issuing two bonds for the funding of public schools. The bonds will be offered at 5 of their par value and will have a coupon rate of an investor purchases the bonds at the offering price and holds them until maturity. what yield could the investor expect? o 5 64 4* O

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