Question: ABC Inc., has $1,000 face value bonds outstanding. These bonds mature in 3 years, and have a 6.5 percent coupon. The current price is quoted

"ABC Inc., has $1,000 face value bonds outstanding. These bonds mature in 3 years, and have a 6.5 percent coupon." The current price is quoted at 98.59 percent of par value. Assume semi-annual payments. What is the yield to maturity?

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