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  3. 5 years ago you purchased a 20 year $1,000 bond. t

5 years ago you purchased a 20 year $1,000 bond. The bond has a coupon...

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Finance

5 years ago you purchased a 20 year $1,000 bond. The bond has a coupon rate of 9.5 percent and sells for $1,016.64. What is the bond's yield to maturity?

5.41%

7.71%

8.66%

9.29%

9.31%

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