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Footsteps Co. has a bond outstanding with a coupon rate of 5.8 percent and annual payments. The bond currently sells for $939.96, matures in 16

Footsteps Co. has a bond outstanding with a coupon rate of 5.8 percent and annual payments. The bond currently sells for $939.96, matures in 16 years, and has a par value of $1,000. What is the YTM of the bond?

Multiple Choice

5.80%

6.41%

5.34%

5.77%

6.17%

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