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Question 5 : Skippy Corp. just issued a series of $ 1 , 0 0 0 . 0 0 bonds with a 2 0 -

Question 5: Skippy Corp. just issued a series of $1,000.00 bonds with a 20-year maturity and a 5% coupon rate, paid quarterly. If you purchase a Skippy bond at a price of $1020.00, what is your required rate of return?
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