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Question 5 A company issued 20-year bonds at an annual coupon rate of 12%. The face value of the bonds is $1000. The bonds make

Question 5 A company issued 20-year bonds at an annual coupon rate of 12%. The face value of the bonds is $1000. The bonds make annual payments, and the current bond price is $1,200. What is the bonds annual yield? A. 6.56% B. 7.01% C. 8.86% D. 9.70%

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