What is the yield to maturity of a bond

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Reference no: EM131354411

What is the yield to maturity of a bond with the following characteristics? 8% coupon rate is with annual payments, $1000 par value and current price of $960, 3 years until maturity. Round your answer to the nearest hundredth percent.

a. 6.75%

b. 8.00%

c. 8.33%

d. 9.60%

e. None of the above

Reference no: EM131354411

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