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The Furdale Corporation has thirty-year bonds outstanding with 17 years remaining to maturity. The bonds have a nine percent coupon rate and semi-annual interest payments.
The Furdale Corporation has thirty-year bonds outstanding with 17 years remaining to maturity. The bonds have a nine percent coupon rate and semi-annual interest payments. Today these bonds are quoted at a price of 104.6925. What is the yield-to-maturity?
Group of answer choices
8.05%
8.47%
8.36%
8.51%
8.40%
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