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A bond has 10 years until maturity, a coupon rate of 8%, and sells for $1,050. What is the yield to maturity on the bond?

A bond has 10 years until maturity, a coupon rate of 8%, and sells for $1,050. What is the yield to maturity on the bond? 7.00% 7.28% 6.19% 9.25%

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