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23-05-2023
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PLEASE ANSWER I WILL THUMBS UP
39. The bonds issued by United Corp. bear a coupon of 7 percent, payable semiannually. The bond matures in 16 years and has a $1,000 face value. Currently, the bond sells at $1001. The yield to maturity (YTM) is ________%.
(is it 6.98, 6.99, or something else?)

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