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Three years ago, Leopoldo Corp. issued 6.5% coupon bonds with an original maturity of 20 years.These bonds pay semiannual coupons, and are currently trading at

Three years ago, Leopoldo Corp. issued 6.5% coupon bonds with an original maturity of 20 years.These bonds pay semiannual coupons, and are currently trading at 110% of face value.

(i)Calculate the yield to maturity on these bonds today.You may assume a face value of $1000 per bond.

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