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A 4-year bond pays 4% annual interest (paid semi-annually). It currently sells for $872.25. What is the bond's yield to maturity? Select one: a. 4.00%

A 4-year bond pays 4% annual interest (paid semi-annually). It currently sells for $872.25. What is the bond's yield to maturity?

Select one:

a. 4.00%

b. 4.59%

c. 6.06%

d. 7.78%

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