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What is the yield to maturity (YTM) on an eight-year, 9-percent bond that pays interest semi-annually, which is now priced at $980? If you are

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What is the yield to maturity (YTM) on an eight-year, 9-percent bond that pays interest semi-annually, which is now priced at $980? If you are using trial-and-error method, you can try a range of rates between 9 and 9.5 percent. Select one: a. 9.36 percent ob. 9.05 percent c. 9 percent d. 4.68 percent

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