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you are given the following information about a bond: it is a $1,000 par value, newly issued 15- year semiannual bond with a coupon rate

you are given the following information about a bond: it is a $1,000 par value, newly issued 15-

year semiannual bond with a coupon rate of 7%. The current trading price of the bond is $913.

Of the following four choices, which one is the YTM of the bond?

a.4.0%

b.6.0%c.

7.0%

d.8.0%

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