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Quigley Inc.'s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $50 annual coupon and have a 15-year maturity.
Quigley Inc.'s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $50 annual coupon and have a 15-year maturity. What is their yield to maturity (YTM)?
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