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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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