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A $1,000 par value 10-year bond with a 12% coupon rate with annual payments recently sold for $1,100. The yield to maturity O is greater

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A $1,000 par value 10-year bond with a 12% coupon rate with annual payments recently sold for $1,100. The yield to maturity O is greater than 12% O is less that 12% is 12% cannot be determined

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