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XYZ has a bond outstanding with eight years remaining to maturity, a coupon rate of 5 percent, and annual payments. If the market price of

XYZ has a bond outstanding with eight years remaining to maturity, a coupon rate of 5 percent, and annual payments. If the market price of the XYZ bond is $750, its yield to maturity must be between

		7% to 8%
		8% to 9%
		9% to 10%
		none of above

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