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11. A four-year bond has an 8% coupon rate and a face value of $1000. If the current price of the bond is $878.31, calculate

11. A four-year bond has an 8% coupon rate and a face value of $1000. If the current price of the bond is $878.31, calculate the yield to maturity of the bond (assuming annual interest payments). A. 8% B. 10% C. 12% D. 6%

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