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15 What is the yield-to-maturity of an 11-year, 8-percent bond that pays interest semi- annually, which is now priced at $1,237? (Please choose the closest

What is the yield-to-maturity of an 11-year, 8-percent bond that pays interest semi- annually, which is now priced at $1,237? (Please choose the closest answer) O a. 2.61% O b. 2.58% O c. 6.03% O d. 5.15% O e. 5.7%

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