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A four-year bond has an 9 percent coupon rate and a face value of $1,000, If the current price of the bond is $937.95, calculate

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A four-year bond has an 9 percent coupon rate and a face value of $1,000, If the current price of the bond is $937.95, calculate the yield to maturity of the bond (assuming annual interest payments). Multiple Choice 11 pericent 11 percent 9 percent 7 percent

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