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Footsteps Co. has a bond outstanding with a coupon rate of 6.1 percent and annual payments. The bond currently sells for $976.23, matures in 25
Footsteps Co. has a bond outstanding with a coupon rate of 6.1 percent and annual payments. The bond currently sells for $976.23, matures in 25 years, and has a par value of $1,000. What is the YTM of the bond?
5.24%
6.25%
6.29%
6.10%
5.66%
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