Question: A $ 1 0 0 0 bond with a coupon rate of 7 % matures in three years. The bond is now selling for $

A $1000 bond with a coupon rate of 7% matures in three years. The bond is now selling for $950, what is the yield to maturity on the bond?
A.6.5%
B.7.2%
C.9.0%
D.10.3%

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