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A corporate bond with a par and maturity value of $1,000 has a present value...

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Finance

A corporate bond with a par and maturity value of $1,000 has a present value of $865.17 at a discount rate of 11 percent. The present value of the bond is $804.19 and $933.45 at discount rates of 12 percent and 10 percent, respectively. The current price of the bond is $855. What is the yield-to-maturity of the bond?

Group of answer choices

Between 12 and 13 percent

Between 13 and 14 percent

Between 10 and 11 percent

Between 9 and 10 percent

Between 11 and 12 percent

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