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Pandar Corp. issues 6-year, AA-rated bonds. What is the yield on one of these bonds? Disregard cross-product terms; that is, if averaging is required, use

Pandar Corp. issues 6-year, AA-rated bonds. What is the yield on one of these bonds? Disregard cross-product terms; that is, if averaging is required, use the arithmetic average.

9.48%

8.93%

4.65%

8.98%

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