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Suppose a 10-year $1,000 5% corporate bond with semiannual coupon payments is priced at $780. What is the yield to maturity at the current price?

Suppose a 10-year $1,000 5% corporate bond with semiannual coupon payments is priced at $780. What is the yield to maturity at the current price?

A. 8.28%

B. 9.68%

C. 4.56%

D. 10.51%

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