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A ten-year bond pays 7% interest (coupon) on $1,000 face value. If it currently sells for $1,195, what is its approximate yield to maturity? A)2.28%

A ten-year bond pays 7% interest (coupon) on $1,000 face value. If it currently sells for $1,195, what is its approximate yield to maturity?

	A)2.28%
	B)2.61%
	C)4.55%
	D)5.21%

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