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Footsteps Co, has a bond outstanding with a coupon rate of 5.5 percent and annual payments. The bond currently sells for $919.81, matures in 11

Footsteps Co, has a bond outstanding with a coupon rate of 5.5 percent and annual payments. The bond currently sells for $919.81, matures in 11 years, and has a par value of $1,000. What is the VTM of the bond? 5.89% 5.989 6.55% 5.45% 5.50%

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