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A bond has a coupon rate of 8 24 percent and has 12 years to maturity. This bond has a face value of $1000 and

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A bond has a coupon rate of 8 24 percent and has 12 years to maturity. This bond has a face value of $1000 and is selling in the market for $1231. What is this bond's yield to maturity? A) 8.75 percent B) 6.00 percent OC) 9.84 percent D) 12.00 percent E) None of the above

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