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A fixed-rate bond currently trades at 104% of par and offers a coupon rate of 8% with coupon payments paid semiannually. The bonds yield to

A fixed-rate bond currently trades at 104% of par and offers a coupon rate of 8% with coupon payments paid semiannually. The bonds yield to maturity is most likely to be:

Group of answer choices

greater than 8.00%.

in the range between 7.69% and 8.00%.

less than 7.69%.

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