What is the yield to maturity for an annual coupon bond with a remaining maturity of ten
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Question:
What is the yield to maturity for an annual coupon bond with a remaining maturity of ten years that has a six percent coupon rate, a par value of $5,000 and sells for $3,800?
a) 3.66
b) 10.98
c) 9.49
d) 9.89
e) 8.37
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