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James blunt has bond that has ten years to maturity. this bond has a face value of $1000 and pays 8 percent per year. this

James blunt has bond that has ten years to maturity. this bond has a face value of $1000 and pays 8 percent per year. this bond is selling in the market for $1,150. what is the yield to maturity on this bond?

5.50 percent

4.50 percent

7.05 percent

6.05 percent

4.00 percent

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