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A bond that matures in 5 years has a 9 percent coupon rate, semi annual payments, a face value of $1,000, and a 7.8 percent

A bond that matures in 5 years has a 9 percent coupon rate, semi annual payments, a face value of $1,000, and a 7.8 percent current yield. What is the bond's nominal yield to maturity?

A) 9%

B) 7.8%

C) 5.44%

D) 10.32%

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