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Anna is planning to invest in a seven-year $1000 par value bond that pays annual coupons at a rate of 7 percent. It is currently

Anna is planning to invest in a seven-year $1000 par value bond that pays annual coupons at a rate of 7 percent. It is currently selling at $927.23. What is the current market yield (yield to maturity) on this bond? (Round to the closest answer.)

Group of answer choices 8.4% 10.4% 9.5% 7.5%

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