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What is the market interest rate

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Reference no: EM132558430

What is the market interest rate or YTM of the following JC Penny bond (face value=1,000, coupon paid semiannually) as reported by FINRA? (Assume today is Mar 2, 2019)

Bond Symbol -JCPenny JCP

Coupon - 9.500%

Maturity- Mar 2, 2027

Last Sale Price - 1,062.50

Reference no: EM132558430

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