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Tully Corporation bonds have 7 years to maturity. Interest is paid quarterly. The bonds have a $1,000 par value, coupon rate of 7% and a
Tully Corporation bonds have 7 years to maturity. Interest is paid quarterly. The bonds have a $1,000 par value, coupon rate of 7% and a price of $1,073.69. Compute the annual yield to maturity. Round to 2 decimal places. Question 2 options: A) 6.67% B) 5.72% C) 6.19% D) 7.15%
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