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A fixed coupon bond with 12 years left until maturity has a coupon rate of 7%...

A fixed coupon bond with 12 years left until maturity has a coupon rate of 7% paid semi-annually. If the price of the bond is $1,060, its annual yield to maturity is _______%. Par value is $1,000. A. 6.281 B. 6.274 C. 3.137 D. 6.395

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1,000 7% 70 A Face value (FV) B| Coupon rate C Number of compounding periods per year 4 AxB:C Interest per period (PMT) Bond

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