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A bond has a coupon rate of 5% (interest is paid annually) and maturity of 6 years. If the current price of the bond is
A bond has a coupon rate of 5% (interest is paid annually) and maturity of 6 years. If the current price of the bond is $861.34, calculate the yield to maturity of the bond. (assume a face value of $1,000)
| 8% |
| 9% |
| 10% |
| 4% |
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