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What is the yield to maturity on a $1,000 par value 9 3/4% bond purchased for $1,125? Assume the coupon is paid annually and the

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What is the yield to maturity on a $1,000 par value 9 3/4% bond purchased for $1,125? Assume the coupon is paid annually and the maturity is 12 years. A. 8.16% B. 8.16% C. 8.08% D. 7.90%

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