A company just issued a 15-year bond that has a face value of $1,000 and a coupon rate of 10%. Similar bonds are priced at 95% of par (or face) value. Given this information, what is the yield to maturity on this bond? (assume the bond pays annual coupons)
a) 10.26%
b) 10.38%
c) 10.51%
d) 10.63%

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