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Palmer Products has outstanding bonds with an annual 5.1 percent coupon. The bonds have a par value of $1,000 and a price of $1.162. The

Palmer Products has outstanding bonds with an annual 5.1 percent coupon. The bonds have a par value of $1,000 and a price of $1.162. The bonds will mature in 17 years. What is the yield to maturity on the bonds? 3.99% 3.39% 3.7996 4.19%5 3.59%

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