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The Microsoft company has a bond outstanding with a face value of $1,000 that reaches maturity in 5 yrs. The bond certificate indicates that the

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The Microsoft company has a bond outstanding with a face value of $1,000 that reaches maturity in 5 yrs. The bond certificate indicates that the stated coupon rate for this bond is 8.4% and that the coupon payments are to be made semi annually. assuming that this bond trades for $1,073, then the YTM for this bond is closest to: a. 6.66% b. 5.3% c. 7.99% d. 9.33%

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