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The Kittle Company's 30-year, $1,000 par-value bonds currently sell for $1,125.50. Assuming interest is paid annually and the bond's coupon rate is 10%, what is

The Kittle Company's 30-year, $1,000 par-value bonds currently sell for $1,125.50. Assuming interest is paid annually and the bond's coupon rate is 10%, what is the bond's yield-to-maturity? 6.50% 7.80% 8.25% 8.80%

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