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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
Basic Finance, Finance
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