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What is the approximate yield to maturity for a 5 - year 7 % coupon bond with a price of $ 8 8 4 .

What is the approximate yield to maturity for a

5 -

year

7 %

coupon bond with a price of $

884.20

and par value of $

1, 000 ? 10 % 8 % 7 % 5 %

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