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The 7 percent semiannual coupon bonds of Over The Counter, Inc., are selling for $ 1 , 0 5 8 . 2 5 . The

The

7

percent semiannual coupon bonds of Over The Counter, Inc., are selling for $

1, 058.25 .

The bonds have a face value of $

1, 000

and mature in

18

years. What is the yield to maturity?

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