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A 9-year bond pays 6 interest on a $1000 face value annually. If it currently sells for $1, 020, what is its approximate yield to

A 9-year bond pays 6 interest on a $1000 face value annually. If it currently sells for $1, 020, what is its approximate yield to maturity? (Do not round intermediate calculations.) 7.21 6.71 5.21 5.71

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