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Footsteps Co. has a bond outstanding with a coupon rate of 6 5 percent and annual payments. The bond currently sells for $960:11, matures in

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Footsteps Co. has a bond outstanding with a coupon rate of 6 5 percent and annual payments. The bond currently sells for $960:11, matures in 21 years, and has a par value of $1000 What is the YTM of the bond? Multiple Choice

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