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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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