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25. A corporate bond has a face value of $1,000, and pays an 8 percent semiannual coupon. The bond matures in 7 years and sells

25. A corporate bond has a face value of $1,000, and pays an 8 percent semiannual coupon. The bond matures in 7 years and sells at a price of $1,112.96. What is the bond's annual yield to maturity? A 2% B.3% C. 4% D. 5% E6%

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