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Sea Snake Industries' 7 . 0 % bonds currently sell for $ 6 7 0 . 5 4 . They mature in 4 0 years

Sea Snake Industries' 7.0% bonds currently sell for $670.54. They mature in 40 years
and have a par value of $1,000. If these bonds pay interest semiannually, what is the
yield to maturity?
9.89%
10.53%
9.58%
11.16%
10.84%
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