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You obtain a loan of $350,000 at 6.75% amortized over thirty years with monthly payments. You are required to pay closing costs and fees of

You obtain a loan of $350,000 at 6.75% amortized over thirty years with monthly payments. You are required to pay closing costs and fees of 1.0% of the loan amount to the lender. What is the yield of the loan if held to maturity?

6.85

6.88

6.77

6.80

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