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A Lowes bond carries an 9 percent coupon, paid annually. The par value is $1,000, and the Lowes bond matures in seven years. If the

A Lowes bond carries an 9 percent coupon, paid annually. The par value is $1,000, and the Lowes bond matures in seven years. If the bond currently sells for $1,300.10, what is the yield to maturity on the Lowes bond? a. 3% b. 4% c. 5% d. 7% e. 8%

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