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A bond has five years to maturity, a $1,000 face value, and a 5.6% 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 5.6% coupon rate with annual coupons. What is its yield to maturity if it is currently trading at $861? A. 12.88% B. 11.04% C. 7.36% D. 9.2%
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