Find the yield to maturity

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Question - Find the yield to maturity (YTM) for a 10-year, 5% annual coupon rate, $1,000 par value bond if the bond sells for $918 currently? We assume that interest is paid on this bond annually.

a. 6.12%

b. 6.91%

c. 7.33%

d. 7.86%

Reference no: EM133028268

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