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A 10-year, 5% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $1,050, what is the annualized yield

A 10-year, 5% bond pays semi-annual coupon payments. If the face value is $1,000 but the bond sells for $1,050, what is the annualized yield on the bond?

A. 2.4%

B. 6.3%

C. 4.4%

D. 5.5%

E. 18.0%

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