Question: The bonds issued by Jensen & Son bear a 6% coupon, payable annually. The bond matures in 8 years and has a $1.000 face value.

The bonds issued by Jensen & Son bear a 6% coupon, payable annually. The bond matures in 8 years and has a $1.000 face value. Currently, the bond sells at $955.26. What is the yield to maturity? 5.87 6.95% 6.74% 5.97%

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