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Assume a 1,000 face value bond with 20 years left til maturity. If the coupon rate is 12%, paid semi-annually, and the current yield is

Assume a 1,000 face value bond with 20 years left til maturity. If the coupon rate is 12%, paid semi-annually, and the current yield is 10.5%, what should be the yield to maturity on this bond?

A. 9.20%

B. 8.89%

C. 10.30%

D. 11.10%

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