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$1,000 par bond having a 7% coupon rate interest is paid semiannually) with 20 years to maturity is currently selling for $895. What is the

$1,000 par bond having a 7% coupon rate interest is paid semiannually) with 20 years to maturity is currently selling for $895. What is the yield to maturity for the bond (approximately)? 8.24% 4.58% 04.03% 09.15% 08.07%

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