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An investor pays $990 for a bond. The bond has an annual coupon rate of 8%, and a maturity of 5 years. What is the

An investor pays $990 for a bond. The bond has an annual coupon rate of 8%, and a maturity of 5 years. What is the yield to maturity of this bond?

You must calculate. A. 16.40% B. 8.24% C. 7.75% D. 9.70%

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