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The Fishing Pier has 6.50 percent, semi-annual bonds outstanding that mature in 12 years. The bonds have a face value of $1,000 and a market

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The Fishing Pier has 6.50 percent, semi-annual bonds outstanding that mature in 12 years. The bonds have a face value of $1,000 and a market value of $1,037. What is the yield to maturity? Multiple Choice 5.78 percent 5.99 percent 6.06 percent 5.83 percent

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