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Posted on May 18, 2024

What is the yield to maturity of a 9.4% semiannual coupon bond with a face value of$1,000 selling for $883.63 that matures in 11 years?

The annual yield to maturity of the bondis: (Select the best choicebelow.)

12.737 %

11.272%

11.159 %

12.625 %

12.174 %

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