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The 7 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years,...

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The 7 percent bonds issued by Modern Kitchens pay interest semiannually, mature in eight years, and have a $1.000 face value. Currently, the bonds sell for $1032. What is the yield to maturity? o 687 percare o 6.92 percent o 608 percent o 6.48 percent o 720 percent

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