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A corporate bond selling at $955.68 matures in 6 years at a par value of $1,000 and pays a 9% coupon in the form semiannual
A corporate bond selling at $955.68 matures in 6 years at a par value of $1,000 and pays a 9% coupon in the form semiannual interest payments. The yield to maturity on the bond is: A. 7% B. 8% C. 9% D. 10%
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