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Company A has 8 percent coupon bonds on the market with 14 years left to maturity. The bonds make annual payments. If the bond currently

Company A has 8 percent coupon bonds on the market with 14 years left to maturity. The bonds make annual payments. If the bond currently sells for $1145, what is its YTM in percent?

a. 6.40

b. 8.57

c. 11.17

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