What is the YTM of a bond with a par value of $1000, selling currently for $800
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Question:
What is the YTM of a bond with a par value of $1000, selling currently for $800 if the bond pays $74.20 in annual coupon and has 15 years left to maturity?
a)10.06%
b) between 8-9%
c) 11.23%
d) 13.76$
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