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Consider a bond with a 7.45% annual coupon rate, 17 years to maturity and a par value of $1,000. The current price is $978.09. What

Consider a bond with a 7.45% annual coupon rate, 17 years to maturity and a par value of $1,000. The current price is $978.09. What will be the YTM of this bond? Select one:

a. 8.66

b. 9.66

c. 6.66

d. 7.66

e. 5.66

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