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Item 7
Time Remaining 4 hours 17 minutes 35 seconds
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A 25-year maturity bond with face value of $1,000 makes annual coupon payments and has a coupon rate of 9.3%.
Note: Do not round intermediate calculations. Enter your answers as a percent rounded to 3 decimal places.
What is the bonds yield to maturity if the bond is selling for $1,000?
What is the bonds yield to maturity if the bond is selling for $1,030?
What is the bonds yield to maturity if the bond is selling for $1,230?

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