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A coupon bond that pays interest of 3% annually has a par value of $1.000, matures in 5 years, and is selling today at $685.

A coupon bond that pays interest of 3% annually has a par value of $1.000, matures in 5 years, and is selling today at $685. The actual yield to maturity on this bond is (Round final answer to 2 decimal places) 8.82% 7.24% 11.67% 9.12

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