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You purchase a Par Value $1,000, 9% coupon, two-year maturity bond for $990. What is the annual required rate of return (YTM)? Group of answer

You purchase a Par Value $1,000, 9% coupon, two-year maturity bond for $990. What is the annual required rate of return (YTM)?

Group of answer choices

a. 9.00%

b. 9.57%

c. 10.24%

d. 10.67%

e. 11.00%

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