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A bond that pays $20 semiannually has a par value of $1,000, matures in 5 years, and is selling today at $785. The yield to

A bond that pays $20 semiannually has a par value of $1,000, matures in 5 years, and is selling today at $785. The yield to maturity on this bond is ________.

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9.50%

9.10%

8.80%

7.20%

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