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Suppose a five- year 7% coupon bond is trading for a price of $951.58. Its (annual) yield to maturity (YTM) would be closest to: (Reminder:

Suppose a five- year 7% coupon bond is trading for a price of $951.58. Its (annual) yield to maturity (YTM) would be closest to: (Reminder: what is the standard par value and frequency of payments)

A) 7.00% B) 7.53% C) 8.20% D) 8.22%

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