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What is the yield to maturity of a bond with a par value of $1,000, a coupon rate of 7% with annual payments, and 9

What is the yield to maturity of a bond with a par value of $1,000, a coupon rate of 7% with annual payments, and 9 years to maturity if the bond sells for $1,200?

10.55%

8.64%

5.56%

4.28%

3.12%

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