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A bond has ten years to maturity, a $1,000 face value, and a 6.4% coupon rate with annual coupons. What is its yield to maturity

A bond has

ten

years to maturity, a

$1,000

face value, and a

6.4%

coupon rate with annual coupons. What is its yield to maturity if it is currently trading at

$780?

7.98%

11.96%

9.97%

13.96%

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