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9. You just bought a 5.8% $1,000 bond for $859.50, immediately after the annual interest payment was paid to the previous owner. The bond matures

You just bought a 5.8% $1,000 bond for $859.50, immediately after the annual interest payment was paid to the previous owner. The bond matures in 16 years. What is the YTM?

a.		4.12%
b.		7.8%
c.		.95%
d.		7.32%

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