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What is the YTM of a four-year annual pay bond with a par value of $1,000 and a quarterly 4 percent coupon rate when the

What is the YTM of a four-year annual pay bond with a par value of $1,000 and a quarterly 4 percent coupon rate when the bond is priced at $932.35?

a) 4.00%

b) 5.91%

c) 11.90%

d) 5.95%

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