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Suppose a 3 year, 7% annual coupon bond is selling for $1000. What is the bond's Yield to Maturity? Select one: a. 7% b. 9%

Suppose a 3 year, 7% annual coupon bond is selling for $1000. What is the bond's Yield to Maturity?

Select one:

a. 7%

b. 9%

c. 6%

d. 8%

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