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Toxaway Telephone Company has $1,000 par value bond outstanding that pays 6% coupon rate. The bond will mature in 15 years and makes semi-annual payments.

Toxaway Telephone Company has $1,000 par value bond outstanding that pays 6% coupon rate. The bond will mature in 15 years and makes semi-annual payments. Compute the yield to maturity of the bond if the current price is:

a) $800

b) $900

c) $950

d) $1050

e) $1100

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