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27-05-2023
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Sharp Co. bonds are selling in the market for $1,127.02. These bonds have 12 years remaining until maturity, and pay 7.5% coupon interest semi-annually on a $1,000 par value. What is the annual yield to maturity of the bonds? a. 8.0%
b. 7.5% c. 9.0% d. 3.0% d. 6.0%

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