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The Fishing Pier has 7.80 percent, semi-annual bonds outstanding that mature in 12 years. The bonds have a face value of $1,000 and a market
| The Fishing Pier has 7.80 percent, semi-annual bonds outstanding that mature in 12 years. The bonds have a face value of $1,000 and a market value of $1,167. What is the yield to maturity? |
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