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The bonds issued by Hardwood Floors & More have a 9.25% coupon and pay interest annually. The face value is $1,000 and the current market

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The bonds issued by Hardwood Floors & More have a 9.25% coupon and pay interest annually. The face value is $1,000 and the current market price is $1,014.60. The bonds mature in 16 years. What is the yield to maturity on these bonds? A 9.07% B. 10.35% C 9.36% D 8.44% E 11.58%

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