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QUESTION

Company A has 6 percent coupon bonds on the market with 17 years left until maturity. The bond makes annual payments. If the bond currently sells for...

Company A has 6 percent coupon bonds on the market with 17 years left until maturity.  The bond makes annual payments.  If the bond currently sells for $838.07, what is the yield to maturity?

A. 7.75 percent

B. 8.00 percent

C. 8.25 percent

D. 8.50 percent

E. 8.75 percent

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