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A coupon bond that pays interest anoually is currently selling at its par value, matures in 5 years, and carries a fixed coupon rate of

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A coupon bond that pays interest anoually is currently selling at its par value, matures in 5 years, and carries a fixed coupon rate of 12\%. What is the yield to maturity (YTM) for this bond? A. 696 B. 12% C896 D.ses

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