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Footsteps Company has a bond outstanding with a coupon rate of 6.4 percent and annual payments. The bond currently sells for $956.08, matures in 20

Footsteps Company has a bond outstanding with a coupon rate of 6.4 percent and annual payments. The bond currently sells for $956.08, matures in 20 years, and has a par value of $1,000. What is the YTM of the bond?

6.13%

6.40%

6.69%

6.81%

5.67%

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