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A 3M bond has a par value of $1,000, an annual coupon rate of 6% (paid annually), and 15 years to maturity. If this bond

A 3M bond has a par value of $1,000, an annual coupon rate of 6% (paid annually), and 15 years to maturity. If this bond is currently selling for $950 (PV), what is the bond's yield-to-maturity (I/Y)?

Group of answer choices

A) 6.00%

B) 6.32%

C) 6.53%

D) 6.43%

E) None of the above.

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