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A S$1,000 par value bond with a 7 percent coupon rate was recently sold for S$1081.25. The yield to maturity is? A) Less than 5

A S$1,000 par value bond with a 7 percent coupon rate was recently sold for S$1081.25. The yield to maturity is?

A) Less than 5 percent

B) One cannot say with the information given

C) 7 Percent

D) Greater Than 7 percent

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