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PBJ Corporation issued bonds on January 1, 2006. The bonds had a coupon rate or...

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Accounting

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PBJ Corporation issued bonds on January 1, 2006. The bonds had a coupon rate or 5.5%, with interest paid semiannually. The face value of the bonds is exist1,000 and the bonds mature on January 1, 2021. What is the yield to maturity for a PBJ Corporation bond on January 1, 2012 if the market price of the bond on that date is exist950? A) 10.50% B) 5.50% C) 6.23% D) 8.43%

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