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A bond that has a $1,000 par value with several years until maturity and a 12% coupon rate with annual payments recently sold for $1,100.

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A bond that has a $1,000 par value with several years until maturity and a 12% coupon rate with annual payments recently sold for $1,100. The yield to maturity cannot be determined is greater than 12% is less than 12% is 12%

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