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Olmsted has a bond issue with a coupon rate of 5.5% that matures in 8...

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Finance

Olmsted has a bond issue with a coupon rate of 5.5% that matures in 8 years. The bonds have a par value of $1,000 and a market price of $942. If interest is paid annually, what is the yield to maturity on Olmsted's bonds?

5.61 percent

6.45 percent

6.28 percent

6.36 percent

5.95 percent

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