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A $1,000 par value bond has an 8% coupon rate (paid semiannually). It has 5 years...

A $1,000 par value bond has an 8% coupon rate (paid semiannually). It has 5 years remaining to maturity. If bond’s current price $1,085.30, what should be the YTM of this bond?

Group of answer choices

6%

7.37%

3%

3.69%

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Answer #1

Ans is 6%

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