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Oateaters corporation bonds are currently priced at

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OatEaters Corporation bonds are currently priced at $953.77.They have a par value of $1,000 and 6 years to maturity. They pay an annual coupon rate of 7%. What is the yield to maturity on this bond?

a. 4%

b. 6 1/2%

c. 19%

d. 8%

Reference no: EM13575742

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