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A 10-year bond pays 12% interest on a S1,000 face value annually. If it currently sells for $850, what is its approximate yield to maturity?

A 10-year bond pays 12% interest on a S1,000 face value annually. If it currently sells for $850, what is its approximate yield to maturity? O 10.91% O 14.99% O 12.00% O 10.35%

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