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A $1,000 par, 6& coupon bond with 8 years to maturity is currently priced at $1,150.00. What is the approximate yield to maturity? a. 4.01%
A $1,000 par, 6& coupon bond with 8 years to maturity is currently priced at $1,150.00. What is the approximate yield to maturity?
a. 4.01%
b. 3.88%
c. 3.79%
d. 3.52%
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