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Canadian Tire has a semi-annual pay bond outstanding with a coupon rate of 6.2%, face value of $1,000, and 7 years to maturity. The present

Canadian Tire has a semi-annual pay bond outstanding with a coupon rate of 6.2%, face value of $1,000, and 7 years to maturity. The present value of the bond is $920. What is the Yield to Maturity (YTM)? 3.85% 4.45\% 7.70% 8.10%

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