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Bond Yields Find the promised yield to maturity for a 6% coupon, $1,000 par 20 year bond selling at $922.33. The bond makes semiannual coupon

Bond Yields Find the promised yield to maturity for a 6% coupon, $1,000 par 20 year bond selling at $922.33. The bond makes semiannual coupon payments.

a) 6.93%

b) 6.71%

c) 6.23%

d) 6.78%

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