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If a $1,000 par value bond has a coupon rate of 7% with interest paid semi-annually, a maturity of 18 years, and a current price

If a $1,000 par value bond has a coupon rate of 7% with interest paid semi-annually, a maturity of 18 years, and a current price of $1,235, what is the ANNUAL yield-to-maturity of this bond? A) 4.3% B) 5.0% C) 6.4% D) 2.5%

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