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A $50,000 bond has a coupon rate of 10% and is redeemable in 10 years. What is the yield rate of the bond if the

A $50,000 bond has a coupon rate of 10% and is redeemable in 10 years. What is the yield rate of the bond if the bond was purchased for $47,000?

a. 12.00%

b. 10.50%

c. 11.00%

d. 9.00%

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