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13 A coupon bond that pays interest semi-annually is selling at a par value of $1,000, matures in seven years, and has a coupon rate

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13 A coupon bond that pays interest semi-annually is selling at a par value of $1,000, matures in seven years, and has a coupon rate of 8.6%. The yield to maturity on this bond is Multiple Choice O 10.0%. o 9.0% O 8.6%. O None of the options are correct. o 8.0%

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