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A five-year bond with a 15 percent coupon rate and $1,000 face value is selling for $1,279. Calculate the yield to maturity on the bond

A five-year bond with a 15 percent coupon rate and $1,000 face value is selling for $1,279. Calculate the yield to maturity on the bond assuming annual interest payments. Multiple Choice 11.0 percent 9.9 percent 8.0 percent 6.0 percent

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