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A bond has a $1,000 par value, 10 years to maturity, 7 percent annual coupon, and sells for $955. What is its yield to maturity?

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A bond has a $1,000 par value, 10 years to maturity, 7 percent annual coupon, and sells for $955. What is its yield to maturity? 7.00% 8.25% None 7.66% 7.75\%

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