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Curtis Corporation's Noncallable Bonds Currently Sell for $1, 165

Question 31

Multiple Choice

Curtis Corporation's noncallable bonds currently sell for $1, 165.They have a 15-year maturity, an annual coupon of $95, and a par value of $1, 000.What is their yield to maturity?


A) 6.20%
B) 6.53%
C) 6.87%
D) 7.24%
E) 7.62%

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