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Footsteps Co. has a bond outstanding with a coupon rate of 6 percent and annual payments. The bond currently sells for $980.26, matures in 24

Footsteps Co. has a bond outstanding with a coupon rate of 6 percent and annual payments. The bond currently sells for $980.26, matures in 24 years, and has a par value of $1,000. What is the YTM of the bond?

6.16%
6.00%
5.54%
6.12%
5.13%

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