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A bond with a 5 percent coupon that matures after eight years is selling for $779. What is the yield to maturity if the coupon

  1. A bond with a 5 percent coupon that matures after eight years is selling for $779. What is the yield to maturity if the coupon payment is made annually?

a. 8.25%

b. 8.36%

c. 8.45%

d. 8.99%

e. 9.12%

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