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A bond pays interest semiannually. It has a par value of $1,000, a value today of $1,075. It matures in 9 years and carries a
A bond pays interest semiannually. It has a par value of $1,000, a value today of $1,075. It matures in 9 years and carries a coupon rate of 7.5%. Calculate the annual yield to maturity (YTM) of the bond.
A) 1.1% B) 6.9% C) 3.2% D) 5.6%
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