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QUESTION 20 Pete Corporation issued bonds on January 1, 2005. The bonds had a coupon rate of 8% with interest paid semiannually. The face value

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QUESTION 20 Pete Corporation issued bonds on January 1, 2005. The bonds had a coupon rate of 8% with interest paid semiannually. The face value of the bonds is $1.000 and the bonds mature on January 1, 2020. What is the yield to maturity for a Pete bond on January 1 2015 if the market price of the bond on that date is $9809 8.5% 6.7% O 8.1% o 75%

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