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You want to buy a five year bond with $1,000 par value. The bond pays interest semi-annually and carries a 7% coupon. The price is

You want to buy a five year bond with $1,000 par value. The bond pays interest semi-annually and carries a 7% coupon. The price is $925.00 today. What is your expected yield to maturity? 8.89% 8.92% 4.12% 4.45%

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