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You just purchased a $1,000 par value, 9-year, 7 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $920.

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You just purchased a $1,000 par value, 9-year, 7 percent annual coupon bond that pays interest on a semiannual basis. The bond sells for $920. What is the bond's nominal yield to maturity? (Answer with the letter only.) a. 7.28% b. 8.28% c. 9.60% d. 8.67% e. 4.13% f. None of the above

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