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A bond has a par value of $ 1 0 0 0 and a 5 % annual coupon rate. It has 1 0 years to
A bond has a par value of $ and a annual coupon rate. It has years to maturity and a current price of $ What is the bond's yield to maturity? Assume the bond pays coupon annually.
A
B More than
C Less than
D More information is needed to determine the answer
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