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peerless securities has an issue of $1000 par value bonds with 12 years remaining to maturity. the bonds pay 6% interest on an annual basis.

peerless securities has an issue of $1000 par value bonds with 12 years remaining to maturity. the bonds pay 6% interest on an annual basis. the current market price of the bonds is $925. what is the yield to maturity of the bonds? 5.88% 6.23% 6.94% 7.91%

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