Question: A bond security has a $ 1 0 0 0 par value, 1 0 years to maturity, 7 % coupon payments ( annual compounding )

A bond security has a $1000 par value, 10 years to maturity, 7% coupon payments (annual compounding), and
currently sells for $985.
25. Whats the yield to maturity (YTM)?
a).7.22%
b).7.75%
c).8.5%
d).6.75%
e).5.75%

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