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Footsteps Company has a bond outstanding with a coupon rate of 6 . 3 percent and annual payments. The bond currently sells for $ 9

Footsteps Company has a bond outstanding with a coupon rate of 6.3 percent and annual payments. The bond currently sells for $968.17, matures in 23 years, and has a par value of $1,000. What is the YTM of the bond?Multiple Choice5.48%6.30%6.57%5.91%6.51%

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