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A bond is currently priced at $885.30. It has a face value of $1,000 and pays a 5% annual coupon. It has 20 years until
A bond is currently priced at $885.30. It has a face value of $1,000 and pays a 5% annual coupon. It has 20 years until maturity. What is the yield to maturity of the bond? A) 5% B) 6% C) 7% D) 4%
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