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Question 16 (1 point) Miami Co. issued an 7% annual coupon bond, which has 20 years left to maturity. The bonds currently sell for $1,222.

Question 16 (1 point) Miami Co. issued an 7% annual coupon bond, which has 20 years left to maturity. The bonds currently sell for $1,222. What is the YTM? 7% None of the answers is correct 6.46% 5.19% 8.00%

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