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Dennis has just paid $950 for a 3% coupon bond with a face value of $1,000 that matures in 10 years. The coupon is paid

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Dennis has just paid $950 for a 3% coupon bond with a face value of $1,000 that matures in 10 years. The coupon is paid annually, Dennis plans on holding the bond for one year. If he wants to earn a 6% rate of return on this investment, what yield should the bond have in one year? A 4439 B. 3.30% C.7.27% D. 18.27% E. 3.44% F. 7.72% G. 3.03% H.21.13%

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