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Footsteps Co. has a bond outstanding with a coupon rate of 6.3 percent and annual payments. The bond currently sells for $952.05, matures in 19

Footsteps Co. has a bond outstanding with a coupon rate of 6.3 percent and annual payments. The bond currently sells for $952.05, matures in 19 years, and has a par value of $1,000. What is the YTM of the bond?

Multiple Choice

6.08%

6.76%

5.63%

6.62%

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