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An annual coupon bond has coupon rate of 6%, par value of $1,000, matures in 8 years, and is selling today at $785. The yield

An annual coupon bond has coupon rate of 6%, par value of $1,000, matures in 8 years, and is selling today at $785. The yield to maturity on this bond is 10.0% 11.1% 12.3% 9.6%

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