Question: Question 7 1.56 pts A bond has $1,000 face value, 12 years to maturity, and 8.40% annual coupon rate with coupons paid semiannually. The bond

Question 7 1.56 pts A bond has $1,000 face value, 12

Question 7 1.56 pts A bond has $1,000 face value, 12 years to maturity, and 8.40% annual coupon rate with coupons paid semiannually. The bond is selling today for $975. What is this bond's yield to maturity (YTM, I/Y in the financial calculator)? 9.12% 8.74% 8.64% 8.12%

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