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A coupon bond that pays interest of $100 annually has a par value of $1,000, matures in eight years, and is selling today at a

  1. A coupon bond that pays interest of $100 annually has a par value of $1,000, matures in eight years, and is selling today at a $948. The yield to maturity on this bond is

A.

8.00%.

B.

11.01%.

C.

12.26%.

D.

14.08%.

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