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A 5-year bond with 10% coupon rate and $1000 face value is selling for $1123 (Rounded to the nearest dollar). Calculate the yield to maturity
A 5-year bond with 10% coupon rate and $1000 face value is selling for $1123 (Rounded to the nearest dollar). Calculate the yield to maturity on the bond assuming annual interest payments. Group of answer choices 8.9% 10% None of the above 7.0%
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