Question: Patch Inc. has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 6 years, and have a 9 percent coupon. The current

Patch Inc. has $1,000 face value bonds outstanding. These bonds pay interest semiannually, mature in 6 years, and have a 9 percent coupon. The current price is $1,110. What is the yield to maturity? 6.74 percent 7.90 percent 4.39 percent 3.37 percent

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