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Consider an 8% coupon bond selling for $933.10 with three years until maturity making annual coupon payments. The interest rates in the next three years
Consider an 8% coupon bond selling for $933.10 with three years until maturity making annual coupon payments. The interest rates in the next three years will be, with certainty, r1 = 8%, r2 = 10%, and r3 = 12%. Calculate the bonds yield to maturity
Group of answer choices
9.88%
9.55%
10%
10.72%
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