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Question
Sentry Corp. bonds have an annual coupon payment of 7.25%. The bonds have a par value of $1,000, a current price of $1,125, and they will mature in 13 years. What is the yield to maturity on these bonds?a. 5.56%
b. 5.85%
c. 6.14%
d. 6.45%
e. 6.77%
Answer
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