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Genes Co. issued a bond with a 9 percent coupon, payable semiannually. The bond matures in 12 years and has a $1,000 face value. Currently,

Genes Co. issued a bond with a 9 percent coupon, payable semiannually. The bond matures in 12 years and has a $1,000 face value. Currently, the bond sells at par. What is the yield to maturity?

7.23 percent

9.00 percent

9.45 percent

10.05 percent

11.10 percent

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