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A 12% coupon bond that matures in 6 years is selling for $1,225. What is the bonds YTM? (you can solve this problem using tvm

A 12% coupon bond that matures in 6 years is selling for $1,225. What is the bonds YTM? (you can solve this problem using tvm or the approximation formula) Group of answer choices 7.30%-7.45% 8.96%-9.01% 10.10%-11.26% 6.27%-6.73%

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