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A bond has a $1,000 par value, 13 years to maturity, and a 6% annual coupon rate and sells for $980. What is the yield

A bond has a $1,000 par value, 13 years to maturity, and a 6% annual coupon rate and sells for $980. What is the yield to maturity?

6.95%
6.23%
5.95%
4.25%

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