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A bond with a 5 percent semi-annual coupon ($50 a year) that matures after eight years is selling for $779. What is the yield to

A bond with a 5 percent semi-annual coupon ($50 a year) that matures after eight years is selling for $779. What is the yield to maturity?

a. 10.05%

b. 9.19%

c. 9.66%

d. 8.91% e. 9.10%

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