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8 - 6 Suppose you are considering buying a five-year 11% coupon bond with a face value of $1,000 and a current price of $950.

8 - 6 Suppose you are considering buying a five-year 11% coupon bond with a face value of $1,000 and a current price of $950. What is its yield to maturity?

Select one: a. 5.62% b. 9.63% c. 11.58% d. 12.40%

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