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GBL Ltd has a $100,000 face value, coupon-paying bond with 4 years remaining to maturity outstanding. The coupons are paid annually and the coupon rate

GBL Ltd has a $100,000 face value, coupon-paying bond with 4 years remaining to maturity outstanding. The coupons are paid annually and the coupon rate is 10% p.a. If the market price of this bond is $106,624 its yield to maturity is closest to:

6.6%.

8.0%.

10.0%.

12.0%.

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