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Q. What is the yield to maturity on a $1,000 par value 8 1/4 % bond purchased for $850? Assume the coupon is paid annually

Q. What is the yield to maturity on a $1,000 par value 8^1/4% bond purchased for $850? Assume the coupon is paid annually and the maturity is 13 years.

Group of answer choices:

a.9.32%

b.11.51%

c.8.63%

d.10.41%

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