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The 7 percent annual coupon bonds of TPO, Inc. are selling for $1,015.40. The bonds have a face value of $1,000 and mature in 6
The 7 percent annual coupon bonds of TPO, Inc. are selling for $1,015.40. The bonds have a face value of $1,000 and mature in 6 years. What is the yield to maturity? A. 6.42 percent B. 6.59 percent C. 6.63 percent D. 6.68 percent E. 6.70 percent
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