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You are interested in purchasing a bond from ExAm Solutions. The bond had a 4 0 year maturity when it was issued, which was 1

You are interested in purchasing a bond from ExAm Solutions. The bond had a 40 year maturity when it was issued, which was 10 years ago. Its face value was $1,000. The bond pays quarter interest at an 8% coupon rate. The bond currently trades at a price of $950, what is the approximate yearly YTM
a. A different value
b..08376
c..0846
d..092
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