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10) The coupon rate is 5.00% with annual payments, 15 years to maturity, price of $1,080, and face value of $1,000. What is the approximate

10) The coupon rate is 5.00% with annual payments, 15 years to maturity, price of $1,080, and face value of $1,000. What is the approximate yield to maturity? a) 5.35% b) 4.30% c) 4.55% d) None of the above

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