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Sylvan Trees has a 7 percent coupon bond on the market with ten years left to maturity. The bond makes annual payments and currently sells

Sylvan Trees has a 7 percent coupon bond on the market with ten years left to maturity. The bond makes annual payments and currently sells for $861.20. What is the yield-to-maturity?

	A.	8.50 percent
	B.	8.68 percent
	C.	8.92 percent
	D.	9.18 percent
	E.	9.27 percent

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