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08-03-2024
Business

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What is the effective yield to maturity of a $1,000 par value strip bond that sells for $162 and will mature in 25 years? (Use a Financial calculator to arrive at the answer. Round the final answer to 2 decimal places)
A. 6. 53%
B. 6. 47%
C. 7. 09%
D. 5. 91%

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