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The ZZZ Corporation has bonds that pay an annual coupon of $75. The par value of the bonds is $1,000. The current market price of

The ZZZ Corporation has bonds that pay an annual coupon of $75. The par value of the bonds is $1,000. The current market price of the bonds is $900.

TRUE or FALSE: The yield to maturity of these bonds is greater than 7.5%.

True

False

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