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Which of the following rates represents the yield to maturity for a bond with market value of $1200, annual coupon rate of 10% and maturity

Which of the following rates represents the yield to maturity for a bond with market value of $1200, annual coupon rate of 10% and maturity of 10 years? Assume that coupon payments are made semi-annually and that the par value is $1000. Using financial calculator.

A. 10% B. 6.23% C. 11.45% D.7.16%

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