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XYZ Corp has issued bonds that have a 6% coupon payable semiannually. The bonds mature in 5 years, have a face value of $1,000, and

XYZ Corp has issued bonds that have a 6% coupon payable semiannually. The bonds mature in 5 years, have a face value of $1,000, and are currently priced at $985. What is the yield to maturity?

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5.39%

3.18%

6.35%

2.70%

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