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You want to buy a 22-year bond with 8.6% coupon which is currently priced at $1,025.00. The bond has a par value of $1,000. Interest
You want to buy a 22-year bond with 8.6% coupon which is currently priced at $1,025.00. The bond has a par value of $1,000. Interest is paid semiannually. Find the yield to maturity
8.35%
10.45%
9.06%
8.06%
7.67%
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