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The 7.0 percent annual coupon bonds of TPO, Inc. are selling for $ 1,085. The bonds have a face value of $1,000 and mature in
The 7.0 percent annual coupon bonds of TPO, Inc. are selling for $ 1,085. The bonds have a face value of $1,000 and mature in 6.5 years. What is the yield to maturity?
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