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A 15-year bond with a 3% coupon and face value of $1,000 was issued 5 years ago. Its yield to maturity as of today is
A 15-year bond with a 3% coupon and face value of $1,000 was issued 5 years ago. Its yield to maturity as of today is 2.2%. Which of the following is closest to its current yield? O 1.22% 0 2.43% O 2.80% O 1.40%
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