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A bond has $1,000 par value, 20 years to maturity, a 9% annual coupon and sells for $925.00. What is its yield to maturity? 9.73%

A bond has $1,000 par value, 20 years to maturity, a 9% annual coupon and sells for $925.00. What is its yield to maturity? 9.73% 7.93% 9.87% 8.00%

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