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The 7 percent annual coupon bonds of tpo inc are selling

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The 7 percent annual coupon bonds of TPO, Inc. are selling for $1,021. The bonds have a face value of $1,000 and mature in 6.5 years. What is the yield to maturity?

A. 6.42 percent

B. 6.59 percent

C. 6.63 percent

D. 6.68 percent

E. 6.70 percent

Reference no: EM13575610

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