Calculate the bonds yield to maturity

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A $1,000,000 bond with a 8% coupon rate has 7 years to maturity, it is selling for $835,750. Calculate the bond's yield to maturity (solve for the bond's interest or require rate.)

a. 6.13%

b. 9.30%

c. 10.29%

d. 11.55%

Reference no: EM131511046

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