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Elizabeth Cherry has a bond that has 10 years to maturity. This bond has a face value of $1,000 and pays 9.5 percent interest per

Elizabeth Cherry has a bond that has 10 years to maturity. This bond has a face value of $1,000 and pays 9.5 percent interest per year. This bond is selling in the market for $1,100. What is the yield to maturity on this bond? Multiple Choice 8.10 percent 4.75 percent 10.10 percent 6.25 percent

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