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An investor bought a 6 % bond at 85. The bond would mature in 5 years. Compute the rate of yield to maturity. (Do not

An investor bought a 6 % bond at 85. The bond would mature in 5 years. Compute the rate of yield to maturity. (Do not consider commission. Round answer to two decimal places.)

Group of answer choices 10.27% 10.22% 7.65% 8.73%

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