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A bond has five years to maturity, a $1,000 face value, and a 6.1% coupon rate with annual coupons. What is its yiold to maturity

A bond has five years to maturity, a $1,000 face value, and a 6.1% coupon rate with annual coupons. What is its yiold to maturity if it is currently trading at $862 ? A. 7.78% B. 13.62% C. 11.67% D. 8.73%

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