Question: A $1,000 face value bond has 10 years to maturity and a 8.2% coupon rate (interest is paid annually). If the price of the bond

A $1,000 face value bond has 10 years to maturity and a 8.2% coupon rate (interest is paid annually). If the price of the bond is $1,188.39, what is the yield to maturity?

Group of answer choices

7.74%

6.37%

9.13%

5.68%

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