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What is the yield to maturity for a $10,000, 7% annual coupon bond that pays annually and matures in 8 years if the current price

  1. What is the yield to maturity for a $10,000, 7% annual coupon bond that pays annually and matures in 8 years if the current price is $9,637.00?

    a.

    6.67%

    b.

    8.64%

    c.

    7.00%

    d.

    7.62%

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