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The Chauncey Corporation currently has a bond outstanding with a coupon rate of 8 percent and annual payments. The bond is currently selling for $1,047.21.

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The Chauncey Corporation currently has a bond outstanding with a coupon rate of 8 percent and annual payments. The bond is currently selling for $1,047.21. The bond matures in 10 years and has a par value is $1,000. What is the yield to maturity (YTM) of The Chauncey Company's bonds? ne of these options are correct 7.32% 6.87% 3.67% 15.07%

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