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What would his approximate yield to maturity be? Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 51/4% coupon rate, 20

What would his approximate yield to maturity be?

Barry Cuda is considering the purchase of the following Builtrite bond: $1000 par, 51/4% coupon rate, 20 -year maturity that is currently selling for $940. If Barry purchases this bond, what would his approximate yield to maturity be? 5.50% 5.789 5.943

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