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A $1,000 par value 14-year bond with a 10 percent coupon rate (paid once per year) recently sold for $867.44. The yield to maturity of

A $1,000 par value 14-year bond with a 10 percent coupon rate (paid once per year) recently sold for $867.44. The yield to maturity of this bond is

A) 9%.

B) 10%.

C) 11%.

D) 12%.

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