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  3. the bonds issued by stainless tubs bear a 6 percen

The bonds issued by Stainless Tubs bear a 6 percent coupon, payable semiannually. The bonds...

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Finance

The bonds issued by Stainless Tubs bear a 6 percent coupon, payable semiannually. The bonds mature in 11 years and have a $1,000 face value. Currently, the bonds sell for $646. What is the yield to maturity?

3.07 percent

5.92 percent

6.14 percent

11.84 percent

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