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The yield to maturity on a 1-year bond purchased for $920 with a maturity value of $1020 is: a) 9.87% b) 10.00% c) 10.87% d)11.34%

The yield to maturity on a 1-year bond purchased for $920 with a maturity value of $1020 is:

a) 9.87%

b) 10.00%

c) 10.87%

d)11.34%

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