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A corporate bond maturing in 5 years is currently trading at $96.304. The coupon rate on the bond is 10% and coupons are paid annually.

A corporate bond maturing in 5 years is currently trading at $96.304. The coupon rate on the bond is 10% and coupons are paid annually. Based on this information, the yield to maturity on this bond is closest to:

a. 9%

b. 10%

c. 10.5%

d. 11.0%

e. non of the above

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