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The 7.22 percent semiannual coupon bonds of IPO, Inc., are selling for $1,250. The bonds have a face value of $1,000 and mature in 15

The 7.22 percent semiannual coupon bonds of IPO, Inc., are selling for $1,250. The bonds have a face value of $1,000 and mature in 15 years. What is the yield to maturity?

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