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You own a bond that pays $64 in interest annually. The face value is $1,000 and the current market price is $1,062.50. The bond matures

You own a bond that pays $64 in interest annually. The face value is $1,000 and the current market price is $1,062.50. The bond matures in 11 years. What is the yield to maturity?

6.22 percent
5.80 percent
5.62 percent
6.71 percent
6.46 percent

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