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Otto Enterprises has a bond issue outstanding with an annual coupon rate of 6 percent that matures in 9 years. The bond is currently priced

Otto Enterprises has a bond issue outstanding with an annual coupon rate of 6 percent that matures in 9 years. The bond is currently priced at $1,046.92 and has a par value of $1,000. Interest is paid semiannually. What is the yield to maturity? 4.83% 5.34% 2.67% 5.54% 2.77%

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