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What is the yield to maturity of a bond with the following characteristics? 8% coupon rate is with annual payments, $1000 par value and current

What is the yield to maturity of a bond with the following characteristics? 8% coupon rate is with annual payments, $1000 par value and current price of $960, 3 years until maturity. Round your answer to the nearest hundredth percent. a. 6.75% b. 8.00% c. 8.33% d. 9.60% e. None of the above

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