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1 . What is the yield to maturity of a bond with a par value of $ 1 , 0 0 0 , a coupon

1 .

What is the yield to maturity of a bond with a par value of $

1, 000,

a coupon rate of

7 %

with annual payments, and

9

years to maturity if the bond sells for $

1, 300 ?

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