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Consider 22 year bond issued by a corporation that pays a coupon of 7.50 percent annually. The current price of this bond is $901.00. What

Consider 22 year bond issued by a corporation that pays a coupon of 7.50 percent annually. The current price of this bond is $901.00. What is the return that would be earned by buying and holding the bond until its maturity?

A. 8.42%

B. 8.68%

C. 8.60%

D. 8.34%

E. 8.51%

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