Deck Tech, Inc. has a bond issue outstanding that pays an 7.4 percent coupon and matures in
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Deck Tech, Inc. has a bond issue outstanding that pays an 7.4 percent coupon and matures in 14 years. The bonds have a par value of $1,000 and a market price of $1,082.60. Interest is paid semiannually. What is theyield to maturity?
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