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A corporate bond has a face value of $1,000, and pays a $105 coupon semiannually (that is, the bond has a 21 percent coupon). The

A corporate bond has a face value of $1,000, and pays a $105 coupon semiannually (that is, the bond has a 21 percent coupon). The bond matures in 20 years and sells at a price of $1,206. What is the bond's nominal yield to maturity? 15.80% 17.80% O 17.30% 16.30% 16.80%

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