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question 16 Suppose you purchase a Suncoast bond today for its quoted price of 122.75. It has a 12% coupon rate and a $1,000 par

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Suppose you purchase a Suncoast bond today for its quoted price of 122.75. It has a 12% coupon rate and a $1,000 par value. The bonds were issued in 2014 with a maturity of 30 years. Interest is paid semiannually. What is the bond's yield to maturity? 9.5% 7.8% 10.6% 8.7% 9.096

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