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Footsteps Co. has a bond outstanding with a coupon rate of 5.6 percent and annual payments. The bond currently sells for $996.38, matures in 20

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Footsteps Co. has a bond outstanding with a coupon rate of 5.6 percent and annual payments. The bond currently sells for $996.38, matures in 20 years, and has a par value of $1,000. What is the YTM of the bond? Multiple Choice 5.07% 4.69% 5.63% 5.60% 5.62%

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