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36. Suppose we were interested in a six-year, 8 percent coupon bond (i.e. annual coupon rate is 8 percent). The par value is $1,000. A

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36. Suppose we were interested in a six-year, 8 percent coupon bond (i.e. annual coupon rate is 8 percent). The par value is $1,000. A broker quotes a price of $955.14. What is the yield to maturity on this bond? Select one: O a. Less than 8% O b. 8% O c. More than 8%

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