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please show all work with formula used. Thank you! 10. A coupon bond which pays interest of $60 annually, has a par value of $1,000,

image text in transcribed please show all work with formula used. Thank you!

10. A coupon bond which pays interest of $60 annually, has a par value of $1,000, matures in 5 years, and is selling today for $915.48. The yield to maturity on this bond is approximately 6% 7% 8% 9% a. b. C d

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