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The bonds issued by Manson & Son bear a coupon of 6 percent, payable semiannually. The bond matures in 15 years and has a $1,000
The bonds issued by Manson & Son bear a coupon of 6 percent, payable semiannually. The bond matures in 15 years and has a $1,000 face value. Currently, the bond sells at par. What is the yield to maturity?
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