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What is the yield-to-maturity (YTM) of a four-year annual pay bond with a par value of $1,000 and a 4% coupon rate when the bond

What is the yield-to-maturity (YTM) of a four-year annual pay bond with a par value of $1,000 and a 4% coupon rate when the bond is currently priced at $932.35?

a) 5.95%

b) 11.90%

c) 2.96%

d) 5.92%

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