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A 3-year bond paying 4% annual coupons pays $1000 at maturity. Today the bond sells for $986.98. To the nearest one hundredth of one percent,

A 3-year bond paying 4% annual coupons pays $1000 at maturity. Today the bond sells for $986.98. To the nearest one hundredth of one percent, the bond's yield is

3.16%

4.87%

4.67%

4.47%

None of the above

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