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A 10 year bond was issued three years ago. It is priced at 103. It pays interest semi- annually at a coupon rate of 4%.

A 10 year bond was issued three years ago. It is priced at 103. It pays interest semi- annually at a coupon rate of 4%. What is the yield to maturity? 3.51% 3.50% 1.76% 6.85% 101% 7.00%

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