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A corporation issues a 9 percent coupon bond with 13 years maturity and $1,000 face (par) value. If the current market price of this bond

A corporation issues a 9 percent coupon bond with 13 years maturity and $1,000 face (par) value. If the current market price of this bond is $1000, find its yield to maturity.

a. 6.43%

b. 6.04%

c. 9.00%

d. 10.07%

e. none of the answers is correct

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