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A 25-year, 6 percent semiannual coupon bond is currently quoted at 103.45. What is the bond's yield to maturity (approximately)? a) 4.87% b) 6.12% 5.23%

A 25-year, 6 percent semiannual coupon bond is currently quoted at 103.45. What is the bond's yield to maturity (approximately)? a) 4.87% b) 6.12% 5.23% 5.74%** We need more information to calculate the yield to maturity

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