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Sheridan Corp. has five - year bonds outstanding that pay a coupon rate of 8 . 5 percent. If these bonds are priced at $

Sheridan Corp. has five-year bonds outstanding that pay a coupon rate of 8.5 percent. If these bonds are priced at $1054.46. Assume the face value is $1,000. What is the yield to maturity on these bonds, assuming semiannual payments?

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