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Radoski Corporation's bonds make an annual coupon interest payment of 8.45% every year. The bonds have a par value of $1,000, a current price of
Radoski Corporation's bonds make an annual coupon interest payment of 8.45% every year. The bonds have a par value of $1,000, a current price of $900, and mature in 14 years. What is the yield to maturity on these bonds?
a. 9.85% b. 9.39% c. 6.53% d. 10.78% e. 9.79%
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