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The bonds issued by United Corp. bear a coupon of 7 percent, payable semiannually. The bond matures in 20 years and has a $1,000

The bonds issued by United Corp. bear a coupon of 7 percent, payable semiannually. The bond matures in 20 years and has a $1,000 face value. Currently, the bond sells at $970. The yield to maturity (YTM) is

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