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An investor is considering purchasing a bond with a 6.37 percent coupon interest rate, a par value of $1,000, and a market price of $773.95.

An investor is considering purchasing a bond with a 6.37 percent coupon interest rate, a par value of $1,000, and a market price of $773.95. The bond will mature in nine years. Based on this information, answer the following questions: B.) The bonds approximate yield to maturity is? % C.) What is the bonds yield to maturity using a financial calculator?

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