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13The market price of a bond is $1,262.36, it has 14 years to maturity, a $1,000 face value, and pays an annual coupon of $100.

13The market price of a bond is $1,262.36, it has 14 years to maturity, a $1,000 face value, and pays an annual coupon of $100. What is the yield to maturity? A) B) 4% 596 C) D) 6% 7%

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