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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 yield 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 yield to maturity if it is currently trading at $857?

A.

7.89%

B.

9.86%

C.

11.84%

D.

13.81%

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