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A 12-year bond pays 7% interest on a $1000 face value annually. If it currently sells for $1,050, what is its yield to maturity? (Do

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A 12-year bond pays 7% interest on a $1000 face value annually. If it currently sells for $1,050, what is its yield to maturity? (Do not round intermediate calculations.) Multiple Choice 6.72% 6.39% 7.28% 7.35%

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