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A $1,000 face value bond has 15 years to maturity and a 7.6% coupon rate (interest is paid annually). If the price of the bond
A $1,000 face value bond has 15 years to maturity and a 7.6% coupon rate (interest is paid annually). If the price of the bond is $1,094.62, what is the yield to maturity?
6.59%
9.22%
4.83%
8.10%
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