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A 10-year, 9% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $1,050, what is the annualized yield
A 10-year, 9% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $1,050, what is the annualized yield on the bond?
Group of answer choices
2.4%
6.3%
4.4%
5.5%
8.3%
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