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Schlumberger has a bond outstanding with the following characteristics: Par: $10,000 Coupon rate: 3.65% Semi-annual periods to maturity: 15 Market price: $10,892.20 The company has
Schlumberger has a bond outstanding with the following characteristics: Par: $10,000 Coupon rate: 3.65% Semi-annual periods to maturity: 15 Market price: $10,892.20 The company has other bonds outstanding. However, this bond is closest to the maturity of any new bonds that the company will issue to finance a new project. Calculate the yield to maturity on this bond. Group of answer choices
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