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A STRIPS has a $9,000 par value and a market value of $7,050. The time to maturity is 5 years. What is the yield to

A STRIPS has a $9,000 par value and a market value of $7,050. The time to maturity is 5 years. What is the yield to maturity?

A. 2.07 percent

B. 3.00 percent

C. 4.94 percent

D. 5.00 percent

E. 5.07 percent

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