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A four - year bond has an 6 percent coupon rate and a face value of $ 1 , 0 0 0 . If the

A four-year bond has an 6 percent coupon rate and a face value of $1,000. If the current price of the bond is $873.21, calculate the yield to maturity of the bond (assuming annual interest payments).
Multiple Choice
10 percent
6 percent
8 percent
4 percent
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