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What is the yield to maturity on an 9-year, 9-percent bond that pays interest semi-annually, which is now priced at $979? Use a financial calculator.

What is the yield to maturity on an 9-year, 9-percent bond that pays interest semi-annually, which is now priced at $979? Use a financial calculator.

4.68 percent

9.35 percent

9.02 percent

9 percent

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