Question: A bond has 1 0 years until maturity, a coupon rate of ( 8 % ) , and sells for (

A bond has 10 years until maturity, a coupon rate of \(8\%\), and sells for \(\$ 1,050\). What is the yield to maturity on the bond? \(7.00\%\)\(7.28\%\)\(6.19\%\)\(9.25\%\)

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