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25-02-2024
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Telus has a semi-annual pay bond outstanding with a coupon rate of 6.8%, face value of $1,000, and 6 years to maturity. The present value of the bond is $900. What is the Yield to Maturity (YTM)?
A. 4.5%
B. 6.75%
C. 9.0%
D. 11.25%

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