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A bond has an annual 8 percent coupon rate, a maturity of 10 years, a face value of $100, and makes semiannual payments. If the

A bond has an annual 8 percent coupon rate, a maturity of 10 years, a face value of $100, and makes semiannual payments. If the price is $93.496, what is the annual nominal yield to maturity on the bond? a. 8% b. 9% c. 10% d. 11% e. 12%

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