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The price of a 7-year bond is $950. The face value of the bond is $1,000. Coupon payments are $56.25 paid semiannually. What is the

The price of a 7-year bond is $950. The face value of the bond is $1,000. Coupon payments are $56.25 paid semiannually. What is the annual yield to maturity? a. 11.23% b. 12.34% c. 13.10% d. 13.79%

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