Question: Question 2 2 pts Jay Aquire is considering the purchase of the following bond: a $1000 par, 7 3/8% coupon, currently selling for $1026.25 with

Question 2 2 pts Jay Aquire is considering the purchase of the following bond: a $1000 par, 7 3/8% coupon, currently selling for $1026.25 with 16 years until maturity. If Jay purchases the bond, what would his approximate yield-to-maturity be? 7.1% 7.5% 7.8% 8.1%

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